'Cancel the energy price cap hike,' Lib Dem leader Ed Davey tells Tories

Ed Davey has accused Tory leadership candidates Rishi Sunak and Liz Truss of "living in a parallel universe" because they have "no idea" of how to help families get through what could be the toughest winter in decades.

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Image: PA)

The leader of the Liberal Democrats has called on the government to reverse the increase in the energy price cap and absorb the £36billion cost of the increase, as the cost of living is on the rise. getting out of control.

Ed Davey is the latest politician to urge the outgoing Prime Minister to try to tackle the cost of living crisis before leaving Number 10 next month.

He accused the Conservative leadership candidates of 'living in a parallel universe' as they have 'no idea' how to help families through what could be the toughest winter in decades. decades.

The Liberal Democrats say the estimated £36billion cost should be met by widening the windfall tax on oil and gas company profits and using the government's higher-than-expected VAT receipts due to the soaring inflation.

Inflation is expected to soar to 13% or more in October, the Bank of England warned last week.

Boris Johnson was nowhere to be found when the Bank of England announced its worrying inflation forecast last week (

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POP TV, Slovenia)

Mr. Davey said: "The contest to become leader of the Conservative Party might as well be in a parallel universe.

"Neither candidate knows how to help families and retirees through what could be the toughest winter in decades.

"We need bold and urgent action to help families pay their bills and heat their homes this winter. There is no other choice.

“Energy bills have already risen by £700 this year, and Tory ministers have barely lifted a finger to help. We simply cannot afford more inaction in the face of yet another rise more important in October.

"This is an emergency, and the government must act now to save families and...