Boris Johnson to stress work as the fix for cost of living crisis

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Ministers remain unable to decide on ways to relieve poverty as they wrangle over windfall tax for energy companies

Michael Lewis, the chief executive of, Britain’s biggest energy supplier, said on Sunday that one in eight of its customers were already in arrears. Speaking on BBC One’s Sunday Morning show, Lewis said: “I read emails from customers regularly, I listen in on calls and, frankly, some people are at the edge. They simply cannot pay and that will get worse.

Several cabinet ministers, including the business secretary, Kwasi Kwarteng, and the Brexit opportunities minister, Jacob Rees-Mogg, have made clear their objections in public, however. Rees-Mogg warned against the idea that business was a “honeypot” that “you can just raid whenever you feel like”. Sunak has not ruled out a windfall tax, which polling suggests would be popular with the public, insisting all options remain on the table.It is understood one proposal under consideration is a tapered tax that would fall less heavily on firms that invest, though No 10 sources suggested it had not yet been discussed with the prime minister.

Source: News Formal (newsformal.com)

 

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