Rishi Sunak and Liz Truss discuss the potential availability of additional cost-of-living crisis assistance this winter as the Tory leadership race turns upside down .
Here's what's really going on in their mud and what's being given to you.
Previously published content.
One of Rishi Sunak's last acts before stepping down as Prime Minister was his £15 billion donation to a struggling family battling the hellish cost of living. was to announce additional support.
The spring package includes his one-time cash distribution of £650 tobenefit claimants, a lump sum of £300 to the poorest pensioner , which included a £150 stipend for disabled persons.
Also the utility rebate for all households doubled to his £400.
It comes in addition to his £150 city tax refund for Band A to Dhomes announced earlier this year.
Mr. Sunak also raised the threshold for workers to start paying National Insurance contributions to his £12,570.
He did it to soften the blow after raising rates by up his 1.25 percentage points.
The government claims that the average worker could save him £330.
When will I receive the amount I paid and the remaining amount?
Just over half of the £650 lump sum, or £326, was paid directly to his 7.2 million bank account in July.
A second £324 installment will follow in the fall, regardless of who the next Prime Minister is.
An additional £300 bump for struggling pensioners is paid in November or December on top of the annual winter fuel allowance.
Disabled's cash drops in his September.
The city tax refund will begin to be paid in his April, and the £400 utility fee refund will be paid to all households in his October.
His NIC threshold was increased earlier last month.
Is there any chance that the new prime minister will cancel this?
No. Rishi is the primary architect of the measures and sticks with them. While
and Liz Truss ferociously attack his record, she's not going to waste the support that's already in the pipeline.
She would be very unpopular if she started robbing the cash her family depended on.
Support Things got worse after her package was announced.
Much worse. Inflation is expected to plunge into double digits, he said, surging to 9.4%.
Energy charges jumped from £1,971 to £3,359 in October and are projected to continue rising further next year.
Household income is now projected to fall by 2.25% next year, the steepest decline since records began in the 1060s.
Last week,the Bank of England issued a warning signal that the UK was headed for a severe recession this year.
So what are they going to do about it?
Liz Truss said that if she won I immediately promised an emergency budget of. This includes the £30bn tax cut jackpot.
She has pledged to reverse the national insurance premium hike. Save £320, stop the planned corporate tax hike and unlock growth.
Rishi Sunak lets her own plans run wild, warning that current tax cuts will only fuel the inflationary crisis, send interest rates skyrocketing and leave homebuyers with huge mortgage repayments. is doing.
Yet he promised to abolish his VAT onutility bills,saving the average household about £160.
He also promises to cutincome tax by 4 pence within the next seven years, saving the average worker about £777.
Right?
Almost certainly. Rishi Sunak said more targeted support would help pressure the British — continuing the approach he has taken with the Treasury Department. He will reveal more details later today.
Liz Truss said she was not in the business of providing "handouts" to people, but said she was considering short-term assistance
Sunak's Supporters have skewered and accused her of this mess. Rishi did the opposite. ”
What happens next?
As the cost of living crisis hits hard this winter, whoever becomes prime minister must do more than ever promised You will be under a lot of pressure.
Desperate Englishmen in danger will cry for lifelines.
Universal credits payments could be raised again to help the poorest.
More support for soaring utility costs is also a pretty safe bet, and the next government is likely to consider another rebate or even tighter price caps
They won't say anything until September.
Excuse me. Calls for urgent action by currency expert Martin Lewis and others fell on deaf ears.
All major policy decisions have been frozen, leaving Boris Johnson to his successor.
In theory, Liz and Rishi could have gone round the table and greenlit some immediate proposals, but hell would have been more likely to freeze than to force bitter rivals to agree to a truce.
The eager Britons have four more weeks to wait until the winner emerges on September 5th while the would-be prime ministers hold out. urgent help.
Rishi by
Robert Halfon, Conservative MP, Sunak supporter
People are struggling. Your income depends on whether you can support your family or pay your utility bills.
It is the responsibility of any decent government to provide the people with the peace of mind they desperately need.
Rishi Sunak makes it clear that he helps.
why should I trust him. Because he's done it before.
During Covid, he stepped in to save his 11.6 million jobs across the UK.
As prime minister, he has launched a series of aids to help those whose costs are rising, including up to £1,200 for the most vulnerable families, fuel tax cuts and a £400 energy rebate. announced.
He outlines his plans for the future, stating that he will do more once we know how much our bills will increase.
Liz Truss' plans are of no use to hardworking families and pensioners.
As the next election approaches, we need to ask ourselves if we want to be a party that helps people in difficult times.
Liz Knows Tax Cuts are the Solution
Kwasi Kwarteng, Secretary of Commerce, Truss Advocate
BRITS by Tax Cuts Need help with living expenses It's not the end of the decade now.
The road to prosperity and growth cannot be taxed. No other country in human history has done this.
Now that tax revenues have reached her highest level in 70 years, the depressing status quo must be rejected and course changed urgently.
The best way to help families and keep British businesses competitive is to cut taxes, push for bold economic reforms and get rid of onerous EU regulations.
Liz has a clear Conservative plan to do just that by rewarding hard work and championing a nation of innovators, entrepreneurs and risk takers.
Liz's vision for our country is powerful, optimistic, and patriotic.
She doesn't believe in economic managerialism, Victorian bean counting, or sticking to old ways that have failed.
Liz knows she can get the UK economy back on track with her bold actions and dynamic reforms.
