TIMES.KY

Cayman Islands, Caribbeanand International News
Monday, Feb 06, 2023

Rishi Sunak Promises Financial Aid For Poor Amid UK Energy Crisis. Some idiots believe him.

Rishi Sunak Promises Financial Aid For Poor Amid UK Energy Crisis. Some idiots believe him.

Former Chancellor Rishi Sunak on Tuesday promised to provide more money to help people cope with soaring household energy bills if he is elected Britain's Prime Minister next month. But where is he going to get this money from? How come he didn’t do it while he was in charge as the finance minister? Can UK pass a law that confiscate all his private fortune and give it to the poor in case he fail to deliver what he promised during the election campaign and lie again to the public as he always do?
The 42-year-old Indian-origin finalist in the Conservative Party leadership election pledged government "efficiency savings" to fund the support, while limiting borrowing.

His pledge came as energy consultancy Cornwall Insight issued a forecast to say that household heating bills are expected to rise even further this winter than previously predicted.

"There is no doubt in my mind that more support will be needed," Mr Sunak said.

"As soon as we know how much bills will go up by, I will act," he said.

The issue has dominated the campaign for the two finalists, with rival Foreign Secretary Liz Truss focussed on pledges to cut taxes- something the former finance minister has warned would risk making the high inflation even worse.

Deputy Prime Minister Dominic Raab, a key Sunak ally in the leadership race, warned that the governing Conservatives will be writing an "electoral suicide note" if Ms Truss is elected to push ahead with her plans for an emergency tax-cutting budget.

"As Conservative Party members decide which way to cast their vote over the coming weeks, I urge them to consider this point carefully. If we go to the country in September with an emergency budget that fails to measure up to the task, voters will not forgive us as they see their living standards eroded and the financial security they cherish disappear before their eyes," he writes in 'The Times'.

"Such a failure will read unmistakenly to the public like an electoral suicide note and see our great party cast into the impotent oblivion of opposition," he said.

"As Conservatives, we believe in lower taxes and a smaller, leaner state. That must always be our lodestar and, with Rishi Sunak as Prime Minister, that is where we will get to over the course of the next decade, winning a historic fifth term in the process," he notes.

On the flip side, former Cabinet minister Sajid Javid and Truss supporter told the 'I' newspaper that the Foreign Secretary had the best plan for boosting living standards, even as he admitted "more needs to be done" to support people on lower incomes.

Both the leadership candidates, as well as the outgoing Prime Minister Boris Johnson, are under pressure on the mounting cost-of-living crisis as the Bank of England warned an economic recession was around the corner.

While Johnson is on honeymoon at a resort in Slovenia after a wedding party last month to celebrate his lockdown nuptials with wife Carrie, critics have warned that delaying action until his successor is in place at 10 Downing Street early next month could prove disastrous.

Tony Danker, the director-general of the Confederation of British Industry (CBI) which represents British businesses, said civil servants should be "working with the candidates now" to draw up options for helping vulnerable people as soon as one of them takes office.

"I just don't think it's responsible government for a Prime Minister, or future prime ministers, not to give the country reassurance," he said.

The Opposition Labour Party accused the Tory government of losing control of the economy.

"People are worried sick about how they'll pay their bills and do their weekly food shop, and all this Tory prime minister does is shrug his shoulders," said Labour Shadow Chancellor Rachel Reeves.

"An economic crisis like this requires strong leadership and urgent action- but instead we have a Tory party that's lost control and are stuck with two continuity candidates who can only offer more of the same.

"Labour would start by scrapping tax breaks on oil and gas producers and providing more help to people who are struggling to pay their energy bills. Only a Labour government can tackle this crisis and deliver the stronger, more secure economy that Britain needs," she said.

Meanwhile, Mr Sunak and Ms Truss continue their campaigning to convince Conservative Party members to cast votes in their favour. The polling will close on September 2 and the new party leader will be announced on September 5.
Newsletter

Related Articles

TIMES.KY
Close
0:00
0:00
2 earthquakes in Turkey killed over 2,300 people
Powerful Earthquake Strikes Turkey and Syria, Killing More Than 1,300 People.
Turkish photographer Ugur Gallenkus portrays two different worlds within a single image. Brilliant work
Tennessee Bill Would Imprison People for 3 Years If They 'Lie' About Rape to Get an Abortion.
Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead
EU found a way to use frozen Russian funds
First generation unopened iPhone set to fetch more than $50,000 at auction.
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
Almost 30% of professionals say they've tried ChatGPT at work
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
What is ChatGPT?
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Tesla reported record profits and record revenues for 2022
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Who’s Threatening Israeli Democracy?
Federal Reserve Probes Goldman’s Consumer Business
China's first population drop in six decades
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
China's foreign ministry branch in Hong Kong urges British gov't to stop the biased and double standards Hong Kong report
Tesla slashes prices globally by as much as 20 percent
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
After Failing To Pay Office Rent, Twitter May Sell User Names
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
FIFA president questioned by prosecutors
Britain's Sunak breaks silence and admits using private healthcare
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
TikTok CEO Plans to Meet European Union Regulators
UK chaos: Hong Kong emigrants duped by false prospectus
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Will Canada ever become a real democracy?
Hong Kong property brokerages slash payrolls in choppy market
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Coinbase to Pay $100 Million in Settlement With New York Regulator
FTX assets worth $3.5bn held by Bahamas securities regulator
A Republican congressman-elect is under investigation in New York after he admitted he lied about his education and work experience.
Brazilian football legend Pele, arguably the greatest player ever, has died at the age of 82.
Hong Kong to scrap almost all its Covid rules
EU calls screening of travellers from China unjustified
US imposes Covid testing for visitors from China
Ukraine President Volodymyr Zelenskyy Addresses Joint Session of Congress - FULL SPEECH
If a country is denied the right to independence by another, it is not in a union. It is in a dictatorship.
Where is Rishi? Chancellor Jeremy Hunt's excuses about the UK's economic challenges just don't make sense
Former FTX CEO Bankman-Fried finally arrested in Bahamas after U.S. files charges
×