MPs urge Boris to use billions cut from foreign aid budget to tackle cost of living crisis

Boris Johnson urged to reinvest foreign aid savings by Halfon

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Boris Johnson has been urged to get to grips with the cost of living crisis ravaging families across the country. Tory MP Robert Halfon called on the Prime Minister and Rishi Sunak to set out an “urgent package” to support those struggling. He said that the billions of pounds saved from the overseas aid budget could be poured into this cost of living fund.

Speaking to LBC’s Andrew Pierce, Mr Halfon said: “I have residents trying to feed and clothe their families.

“What I would like the Government to do, whether it is Boris or the Chancellor, is set out an urgent package – and not wait until March – to set out how they will deal with it.

“They need to focus on the energy bills by reducing the green levies. They are 25 percent of our electricity bills.

“We have petrol prices cost to £1.50 at the pumps – yet the global oil price is going down.”

JUST IN: Tories tearing hair out over Boris Johnson’s Beth Rigby interview

The Tory MP continued: “We have just saved four billion pounds by cutting the overseas aid budget.

“Why not put that into a special fund and re-distribute that with tax cuts for the lower paid?

“If we’re going to make cuts to overseas aid, why not use that money to give tax relief to the lower paid?

“These things could make a difference. We have to get back to cutting taxes for the lower paid, and cutting energy bills.

Boris Johnson's Conservative support discussed by Raab

“I would tell Rishi to think again on National Insurance. We need funding for the NHS and social care but I’m worried the money raised will just go into a big blackhole of funding.”

Business Secretary Kwasi Kwarteng this week warned households will need to wait until March to find out if a scheme reportedly under consideration to hand out £500 one-off payments to help with energy bills will go ahead.

Chancellor Rishi Sunak is believed to be considering making direct payments of up to £500 to struggling families as the cost of energy bills is set to soar.


John Redwood warns Rishi Sunak over National Insurance rise [INTERVIEW]
Harry ‘desperate’ to get back to UK for Lilibet christening [VIDEO]
Royal Family LIVE: Kate sends ‘crafty message’ as Meghan enjoys ‘luxe’ [LIVE BLOG]

But Mr Kwarteng said the Government is “trying to work out the best way to deal with what is a really, really serious problem”.

Emma Pinchbeck, chief executive of Energy UK, the trade body for suppliers, said bills could increase again in October after a predicted 50 percent jump for millions of households in the spring.

The Social Market Foundation think tank has proposed cash payments of up to £500 would be the best answer to the cost-of-living crisis.

An increasing number of Conservative MPs are warning the Government that the 1.25 percent rise in National Insurance will hammer families at a time when they are also being hit by sharp rises in energy bills, council tax, inflation and mortgage rates.

Source: Read Full Article