Sunak should look to the past to help solve the cost-of-living crisis | Sean O’Grady

  • 📰 The Independent
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 59%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

So what to do about gas and electricity bills? One answer comes from a previous national debate about VAT on fuel, writes Sean O’Grady

that will take effect in the spring? The short answer is that it can’t, to any substantial degree, because it cannot afford to subsidise the domestic and industrial price of energy, which is rising at up to 50 per cent a year at current rates. The implications for the public finances are too gruesome to contemplate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 80. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

No easy fixes for Sunak to tackle cost-of-living crunch\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t Very Easy. 1. Tweet Sherly Sanberg 2. Create Consensus (Power) 3. Create HyperCapSoc (Money) Its Pegged to PopG from the 3rd Trimester Per 2 so it Accounts for the Entire Cost-of-Living. SherylSandberg & Schrep, Please create Non-Binding Irrefutable Consensuses, where Entities query every Citizen of every Constituency on many things, at a penny-per, via The Operator, displaying the results on Convergence, a map of the World. Thanks - Foggy Bottom cc APHClarkson
Source: FT - 🏆 113. / 51 Read more »

Boris Johnson under growing pressure over cost of living crisisCalls for measures including end to VAT on heating bills from usually supportive media and senior Tories bound to spook No 10 Has Boris ever get a true haircut? But, but, but, Tory donors and other parasitic orcs are raking it in. Seriously, where on Earth do we imagine all the extra cost's going? Their profits over the last 2 years have plummeted. They're now demanding what they're 'owned'. What we all 'owe' them. Let them have it!
Source: Guardian news - 🏆 28. / 68 Read more »

Boris Johnson Tells MP Pay Body To Show 'Restraint' Amid Cost Of Living CrisisIt comes as alarm bells ring within government at the cost of living crisis that has seen inflation climb to 5.1 per cent and energy bills soar for consumers across the country.
Source: HuffPostUK - 🏆 108. / 51 Read more »

Rishi’s rebel girls: Chancellor reveals groundbreaking women who are role models for his daughters📚 Rishi Sunak’s favourite bedtime reading material consists not of weighty economic tomes or financial graphs, but the stories of rebel girls he reads to his two young daughters Image building.
Source: The Telegraph - 🏆 41. / 63 Read more »

UK 'not interested' in Spain's British expats caught up in illegal homes crisis: 'No help'THE UK is 'not interested' in British expats in Spain caught up in an illegal homes crisis, one pensioner who has been left without access to safe water claimed to Express.co.uk Watch it here Look it's your choice to live in another country it's your fault if thing happen don't expect the uk to help you out get on with it UK government would if they were tory donors
Source: Daily Express - 🏆 26. / 68 Read more »

UK retailers warn sales at risk from soaring cost of living in 2022Industry says consumer spending is likely to be held back after strong full-year figures for retail in 2021 The energy price cap should remain in place after April 2022, The big energy companies have been dodging corporation tax for years. Make them pay for the crisis. Consumer spending won't decrease so much then.
Source: The Guardian - 🏆 84. / 53 Read more »