Energy Crisis Could Erupt Into Biggest Political Issue Of Decade, Tories Warn Watch Live

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  • A looming 'cost of living crisis' could erupt into the biggest political issue of the decade, senior Tories have warned. 

    The energy price crisis, broader inflationary pressures and a double-whammy of tax rises and benefit cuts threaten to create a challenging winter for Britons. A study by the Legatum Institute warned that ending the uplift to Universal Credit next month will push a further 800,000 people into poverty. 

    Damian Green told the BBC that the cost of living was "an argument we have forgotten about because we have now had a generation of low inflation", but noted "it can be the biggest political issue out there."

    The Conservative MP for Ashford added: "The paradox is that many of us thought we would come out of the pandemic with big employment issues and a very sluggish economy.. [but] we are facing a big global inflation problem, which I suspect will become the biggest political issue for the coming decade."

    Gavin Barwell, a Conservative peer who served as chief of staff under Theresa May, warned the rise in energy prices "definitely has the potential to become a crisis".

    He added: "We’ve got the tax increases that they’ve just brought in, we’ve got the Universal Credit reduction that's about to come online, plus rising energy bills. I think there is a real political danger here of cost of living issues becoming a real difficulty for the Government.” 

    Source : https://www.telegraph.co.uk/politics/2021/09/20/boris-johnson-news-joe-biden-usa-climate-change-cabinet/

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