Only the Resolution Foundation’s idea of a social tariff for low-income households would direct support where it’s most needed
Unconvinced by every politicians’ sketch of how to protect UK households from the soaring cost of energy this winter? It’s a reasonable view. There are holes in every plan we’ve heard so far.
Liz Truss’s preference for tax cuts and the removal of “green levies” is the worst of the lot as it doesn’t get close to recognising the size of the coming storm. Reversing national insurance increases hands the greatest benefit to high-earners. And cutting the odd £160 of charges on bills, or even VAT at 5%, is a case of tinkering around the edges if the average household is looking at an increase of £2,000. An encounter with reality awaits if she makes it to No 10.
