The ex-Chancellor warned it was ‘wrong’ that his Tory leadership challenger Liz Truss ruled out providing additional direct support in the winter. Experts estimate Britons could face a rise in the energy price cap to £4,400 in January, from around £1,277 at the start of 2022.
According to The Times, energy consultancy Auxilione predicted the price cap could reach £3,687 in October in its interim forecast.
Mr Sunak and Ms Truss locked horns on how best to ease the pressure of the cost of living crisis, with the MP for Richmond pledging to bring inflation under control and the Foreign Secretary standing on a low tax platform.
Ms Truss said: ‘The way I would do things is in a conservative way to reduce the tax burden, not hand out handouts.
However, the pro-Brexit former chancellor reiterated that “inflation is a major danger” to the UK economy.
He said: ‘It’s just wrong to rule out further direct support at this time like Liz Truss has done and furthermore her tax proposals won’t help very significantly, people like pensioners or people low-income families who are exactly the kind of families who are going to need help.”
However, he also said he would ‘go further’ than the support package of up to £1,200 he announced while still at the Treasury.
Speaking on any support that might be needed, Mr Sunak added: ‘I will be looking to do more and especially for families like pensioners for example where I said this winter they can get extra payment worth up to £300.
“There are things like that that we will have to look at depending on the situation, because the tax proposals that we hear from Liz Truss are not going to help people like that.
Mr Sunak and Ms Truss will address Conservative party members in Darlington on August 9 during the fifth election campaign of the 2022 Conservative leadership race.
The race to replace Boris Johnson is set to end on September 5 after around 160,000 Tory members decide who gets the keys to Number 10.
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