Cost of Living Crisis: Tory mismanagement has left UK in worst possible position

The energy regulator OFGEM has today announced that the energy price cap will rise by 54% from April.

The default tariff for energy bills is set to rise from £1,971 a year, up from £1,277, meaning the average household's yearly energy bill will increase by £693. This comes as the Bank of England announce that interest rates are rising to 0.5% and National Insurance is set to increase in April, meaning many more people will struggle financially.

The Bank of England have today warned that UK households must brace themselves for the biggest annual fall in their standard of living since records began three decades ago.

Naomi Smith, CEO of Best for Britain, said

"The ruling party has been in Number 10 since 2010 presiding over 12 years of economic underperformance.

"More recently, pandemic mismanagement, a poorly negotiated Brexit deal and billions in wasteful spending has further crippled UK economic growth, so we are now in the worst possible position to deal with the cost of living crisis.

"Until this spent government is replaced by one with economic competence, we will all continue to foot the bill for their failure."

Published and promoted by Cary Mitchell on behalf of Best for Britain, the campaign name of BEST FOR BRITAIN LIMITED registered at International House, 24 Holborn Viaduct, London, EC1A 2BN. Best for Britain is registered with The Electoral Commission.

Best for Britain Limited, company number 10436078 registered in England and Wales.
Registered for VAT no. 378894125

Contact Us | Privacy Policy | Terms of use | Cookies