Senior Tories say thousands face ‘very very difficult’ winter due to rising living costs and cut to universal credit

Hundreds of thousands of Britons face a “very, very difficult” winter thanks to rising household costs, No 10 has been warned, as firms said the energy price shock could trigger a three-day week for factories and further gaps on supermarket shelves.

Senior Tories were among those urging Downing Street to wake up to the threat of food shortages and households being plunged into hardship because of rising energy bills combined with the universal credit cut and next year’s rise in national insurance.

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