David Cameron suggested that the government reduce taxes instead of raising them, and warned that there would be “huge pressure” on living standards.
The former prime minister said it would be a “very difficult year” as he urged the government to help people with the rising cost of living.
National Insurance for Employers and Employees could fund an NHS backlog cut and pay for social care revaluation due to a combined 2.5 percent increase next month. Chancellor Rishi Sunak told the cabinet on Tuesday that despite mounting calls from conservative MPs, the tax hike would go ahead to help those facing the face of sharply rising inflation and energy bills.
Gasoline crossed the £ 2-a-liter barrier at a filling station in west London yesterday, further reducing the family budget. Chelsea’s Forecourt charges 219p for a liter of diesel and 218.9p for unleaded, which is considered the highest in the country. Elsewhere, stations are charging more than 190p per liter, and some motorists have reported queuing up in the forecourt as drivers seek further increases.
Cameron told Andrew Marke on LBC Radio that the government should “keep people’s taxes low” because he suggested it should reconsider raising national insurance.
“We are definitely looking at the huge pressure on quality of life. When you look at what is happening with oil prices and petrol prices, you can see what is happening with human heating bills,” he said. “It’s going to be a very difficult year…. What can we do to help people? That’s the question at this difficult time. How do we cope with the cost of living?”
“I am often criticized for the tough decisions we have made in the economy, but you have to try and keep government spending low. Because in the end, if you can reduce the cost of government, you can reduce the taxes of the people, then you will help them through the cost of living. ”
The average household’s fuel bill is expected to rise to £ 3,000 a year in October due to rising gas prices following Russia’s invasion of Ukraine. Inflation could be as high as 6 percent next month.
Cameron said President Putin was an “extraordinary liar”, citing conflicts over the presence of Russian troops in Donbass and the shooting down of a Malaysia Airlines flight in 2014.
Moto services at M4’s Junction 47 near Swansea were charging 192.9p for diesel yesterday. A garage in Norwich was charging 199.9p for diesel and a filling station at A23 near Brighton was advertising a liter for 189.9p.
Data company data from Experian Catalyst shows that the average cost of a liter of petrol in the UK forecourt on Tuesday was 158.2p, up from 156.4p on Monday. The average cost of a liter of diesel reached a new high of 165.2p on Tuesday, up from 162.3p on Monday.
In fact, the cost is much higher for many drivers, as the Experian Catalyst statistics are nationwide average. A year ago, petrol and diesel were priced at 124.32p and 127.25p per liter, respectively.
FairfuelUK, a campaign group, is urging Sunak to reduce fuel tariffs to reduce pressure on inflation, small businesses and holiers.
The motorist pays a duty of 57.95p per liter of fuel.