The Treasury is now said to be investigating whether a one-off payment to the poorest households may be a better solution than slashing VAT on energy bills, which the Chancellor is reportedly concerned would give financial aid to richer households who do not need it.
The Social Market Foundation - a thinktank with MPs from both Labour and the Conservatives on its board - has backed the idea, praising the simplicity of the scheme. SMF chief economist Dr Aveek Bhattacharya wrote in a blog that many of the more complex solutions being suggested by the industry would encourage households to use more energy, as well as tie the Government into costly strategies that they would not be able to maintain.
"An emergency cash payment would also have the benefit of being a clear one-off intervention, whereas other proposals would risk committing the government to costly ongoing subsidies, that it would find politically difficult to end," he wrote. He also said methods such a subsidising gas would prop-up energy companies and "muddle [the Government's] environmental objectives".
Or a bribe to ease the burden of the cost of living with Johnson?
Good grief, not food stamps, surely?
Trump sent it to ALL...
I see how well that worked in the US let's print more money. If that's the case, buy bitcoin now people
Why not just limit VAT and NI contributions from these people? Save yourself a huge transactional programme and significantly reduce the risk of fraud..?
We're progressing towards UBI.
Why not make sure every child gets a hot meal at school. Every elderly person/ disabled person gets a daily hot meal if they need (meals on wheels) Give councils money for crisis loans. Just throwing money at the problem doesn't mean it goes to the right place.
What’s the catch? There’s always a catch!
What’s he sayin’ ‘bout quantum computing
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