May 26, 2022

The SNP said most families would lose thousands of pounds this year, with the chancellor “missing”.

Inflation in the Consumer Price Index (CPI) rose to 5.5 percent in January, from 5.4 percent in December, the highest level since March 1992, when official data showed that It was at 7.1 percent.

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Clothing and footwear prices have helped keep inflation modest, the Office for National Statistics (ONS) said.

Chancellor Rishi Sink

Rising energy spending is expected to push CPI to 7.25% in April, the highest level since August 1991.

The trade union unison said the January inflation figures were “nightmares”.

General Secretary Christina McEnia said: “Households are already feeling the pinch. They will be upset by this latest increase in living expenses.

“For many low- and middle-income earners, food, energy and transportation are becoming increasingly unbearable.”

SNP MP Allison Thules urged Mr Sink to “move on with the day job” and present an emergency budget.

He said: “The crisis of life is getting out of hand but the chancellor is missing – and he is not doing anything to help the families.

“Householders are already struggling with the toxic combination of Tory cuts, regressive tax increases, and rising costs of Brexit and energy bills.

“With rising prices and falling wages, most families will lose thousands of pounds this year.

“It’s been a decade since this crisis happened. Under the Tories, the UK has suffered for many years from stagnant wages, poor economic growth, and deep cuts in social security.

“The UK has one of the worst levels of poverty and inequality in northwestern Europe, and people are struggling to make ends meet. This is not a record to be proud of.

Rishi Sink should stop positioning itself for the Tory leadership competition, and by introducing an emergency budget with Real Living Wage, changing the وری 1040 Tory deduction on Universal Credit, matching Scottish child payments across the UK. Become, and move on with your day job. Turn your offensive energy debt into a more generous grant.

“The UK government is undermining Scotland’s efforts to help families and tackle poverty. With every step we take, Westminster takes us back.”

The Bank of England had earlier this month raised interest rates on back-to-back increases to 0.5% since 2004, and experts believe that the base rate could reach 1% in May as policymakers focus on inflation. Fighting for the reins.

Starting April, energy bills for 22 million households will increase by 54%, bringing the average household’s annual bills by £ 693.

Mr Sink has so far resisted growing demands from the UK government to defer the forthcoming increase in national insurance, instead of offering co-operation, including a £ 200 rebate from state financing on energy bills in October. To be done, which the families will eventually have to pay.

Homes in England will also receive a کونسل 150 council tax deduction for properties in the band AD.

Last week, SNP finance secretary Kate Forbes announced similar measures in Scotland.

He said about three-quarters of Scottish households would receive an additional £ 150 to help cope with the cost of living.

But anti-poverty campaigners say it will “barely touch the gaps in the budgets of many low-income households”.

He also accused her of failing to attract the support of those most in need.

Ms Forbes had earlier said that an additional £ 120 million would be paid to local authorities to avoid council tax hikes.

Labor leader Sir Kerr Starmer reiterated his demand for a “windfall tax” on oil and gas companies’ profits.

He said: “What we, the Labor Party, have said is that what you can do about energy bills is a windfall tax on oil and gas companies in the North Sea – much more. Earn the money they’ve been hoping for as global prices – and use it to reduce energy bills by up to £ 600.

Sir Care has accused the UK government of “killing families who are already in distress” by increasing national insurance.

Liberal Democrat Treasury spokeswoman Christine Jardine said British ministers needed to “stop shaking hands and give families a lifeline.”

“Families are facing unprecedented cost of living crises, with rising energy bills, rising conservative taxes and a three-fold shock of 30 years of high inflation,” he said.

“People are worried about heating their homes and putting food on the table, yet what we’ve seen from this government is half the measures and the tax hike in April. not required.

“Ministers need to stop twisting their hands and provide adequate assistance to families on energy bills and end their unfair increase in national insurance taxes.”

A Treasury spokesman said: “We acknowledge the pressure that people are facing the cost of living and are providing approximately ً 20 billion in aid across the UK this fiscal year and next. ۔

“To help people manage the increase in energy bills, we have introduced reduction in energy bills so that the rising cost can be spread over a few years so that they are more manageable and as a result we The Barnett formula provided £ 290 million to the Scottish Government for the Council Tax Exemption Scheme.

“This Spend Review is at the top of 2021, providing the Scottish Government with the largest annual funding settlement since the transition.”

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