Energy crisis could erupt into ‘biggest political issue of the decade’, senior Tories warn

A looming energy & 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.”

Full story

The post Energy crisis could erupt into ‘biggest political issue of the decade’, senior Tories warn appeared first on The Global Warming Policy Forum.

via The Global Warming Policy Forum

September 21, 2021 at 11:16AM

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