DAILY MAIL COMMENT: Rishi’s on our side with bills bonanza
If families thought the cost of living crunch was already hurting, they should brace themselves for much, much worse.
Ofgem yesterday predicted that the energy price cap will spike again in the autumn to £2,800 – a leap of around 40 per cent on the current price ceiling of £1,971.
With food and petrol bills also rising steeply, and a potentially job-destroying recession looming, millions are fretting over their household budgets.
While Labour dishonestly seeks to portray the Government as coldly indifferent, it is to the Chancellor’s credit that he has already introduced emergency help for struggling families worth £22billion this year.
It is to Rishi Sunak’s credit that he has already introduced emergency help for struggling families worth £22billion this year
And it is also heartening to learn that with graver suffering on the horizon, Rishi Sunak is set to spring into action again with another multi-billion-pound support package to cushion the blow.
But let us be clear: While a one-off windfall tax on energy giants’ dizzying profits might be justified (and popular with the public), the £2billion or so it would raise may barely make a dent in the cost of living crisis.
There is, of course, a simpler and more Tory way of helping struggling families.
As the economy rebounds from the pandemic, soaring Treasury receipts have helped reduce Government borrowing, leaving the nation’s finances considerably healthier than predicted. Mr Sunak should use this fiscal bonanza to slash taxes.
Letting people keep more of their own money is the best way of encouraging growth – and escaping the economic mire.
Listening to Sir Keir Starmer, you might imagine that he could solve the worst living squeeze in a generation with a wave of his magic wand. That, of course, is nonsense.
By loosening the nation’s purse strings to ease people’s hardship, the Chancellor is torpedoing Labour’s mendacious message.
Rail unions’ ransom
As if the militant rail unions weren’t intending to cause enough chaos by disrupting the Queen’s Platinum Jubilee, they are now plotting to hold Britain to ransom into next year.
When millions are finding it difficult to make ends meet, these hard-Left dinosaurs have backed the biggest mass walkout since the 1926 General Strike.
Bringing the country to a halt would inflict cataclysmic economic damage and hurt ordinary workers. But the truth is, this is an ideological struggle masquerading as a pay and safety dispute.
These Scargillite throwbacks do not see their job as simply representing their members, but as fomenting revolution against a Tory government.
Yet with passenger numbers well below pre-pandemic levels, ministers must take them on with Thatcherite zeal. The unions must re-learn the hard lesson of the 1970s – that in an economic crisis, there are no winners from industrial action.
End of the party?
When Boris Johnson was fined for unwittingly attending a lockdown birthday party, the Left lectured us on the importance of respecting the police’s decision.
Yet when Scotland Yard exonerated the Prime Minister for proposing a toast at an aide’s impromptu leaving drinks, those self-same defenders of the law cried foul.
Photos show his ministerial red box at his side, suggesting he was working (the excuse Sir Keir used for his Beergate bash).
With Sue Gray’s imminent report into Partygate unlikely to contain a smoking gun, Boris’s enemies are hysterically seizing on every trumped-up sliver of evidence in their obsessive campaign to topple him.
Meanwhile, instead of pestering the Met over its refusal to issue the PM with a second fine, shouldn’t Labour’s London mayor Sadiq Khan focus on the bloodshed and violence blighting the capital?