Sunday 8 May 2022 12:29 AM Rishi Sunak vows to 'look at all options' to ease the cost of living crisis trends now
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Rishi Sunak has vowed to ‘look at all options’ to ease the cost of living crisis after the Conservatives lost nearly 400 council seats in last week’s local elections.
Anxious backbenchers have urged Prime Minister Boris Johnson to cut taxes to prevent a repeat of the losses at the next General Election – and to sack the Chancellor if he refuses to do so.
It comes amid the backdrop of growing alarm within the party over the Bank of England’s warning that the economy was heading for a recession, with inflation set to exceed ten per cent by the autumn and families facing the second-biggest income squeeze since modern records began in 1964.
Writing in today’s Mail on Sunday, Mr Sunak warns that while ‘things will continue to be challenging economically’, he is ‘working with all my Cabinet colleagues to find ways in which we can continue to ease the burden for families’.
Tory MPs say the local election losses were a protest vote against the cost of living and Partygate, with traditional supporters in the South switching mainly to the Liberal Democrats.
Rishi Sunak has vowed to ‘look at all options’ to ease the cost of living crisis after the Conservatives lost nearly 400 council seats in last week’s local elections
The Conservatives lost their flagship London councils of Westminster, Barnet and Wandsworth to Labour, although support in the Red Wall seats of the North and Midlands proved more resilient.
So far, Mr Sunak has resisted the pressure for an emergency Budget to reverse last month’s rise in National Insurance.
Today he announces £1.3 billion in military and aid funding for Ukraine, in addition to the existing £1.5 billion of support to
