MPs have cautioned that rising bills and prices are wiping out the government’s cost-of-living assistance plan.
According to a Commons investigation, Rishi Sunak’s £37 billion in assistance is being “eclipsed” by rapid inflation.
The Business Committee is requesting that the government rapidly increase its assistance to poorer families in order to prevent them from a harsh winter.
Mr. Sunak’s final act at the Treasury before retiring as Chancellor was to launch a package of assistance to help people cover the costs of living in hell.
It featured a £400 energy bill reduction, a £650 one-time lump amount for poorer families, £150 for incapacity benefit recipients, and £300 for the elderly.
However, in October, the energy price ceiling will be raised to between £2,800 and £3,244.
Inflation is also rising at 9.4%, with experts warning that it might reach 15%.
“Once again, the energy problem is racing ahead of the government,” said Committee Chair Darren Jones.
“To keep millions from falling into unsustainable debt, the support package must be modified and deployed before October, when the squeeze will become a full-fledged throttling of household budgets, further tipping the economy into recession.”
