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Jacob Rees-Mogg warns against aid in the cost of living crisis because of the risk of inflation

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Jacob Rees-Mogg has warned Boris Johnson against premature tax cuts or spending increases to ease the cost-of-living crisis, airing cabinet departments on the issue.

There are no “cheap wins” in trying to stem the fall in living standards, the Cabinet Office minister said – and warned against rushing in with measures that would “add fuel to the fire”.

“Dealing with a cost of living problem, dealing with inflation, is more of a longer-term issue than a short-term issue,” said Mr. Rees-Mogg BBC radio 4.

“I worry about anything that increases deficit spending if you have an inflation problem. That’s a risk.”

The comments come after the Prime Minister rolled back earlier references to immediate cost-of-living aid when a cabinet day in Stoke-on-Trent failed to move the dial.

Both Mr Johnson and Rishi Sunak, the Chancellor, are moving closer to introducing an unexpected tax on energy companies’ excess profits – but the Treasury Department has ruled out an emergency budget.

A “Cost of Living Committee” is reportedly considering a dozen possible measures, but Mr Sunak has told his colleagues they must not include increased government spending.

Many Tory backbenchers are pushing for income tax cuts to be brought forward, even though the bulk of the benefits will go to higher earners – not to people struggling with poverty from rising fuel and food bills.

In a separate interview, Mr Rees-Mogg said he is telling people who are struggling to make ends meet to ensure they get all the benefits due to them and are contacting their local council for emergency help.

He insisted that despite what the interviewer described as “the nanny, the town house in Westminster, the mansion in the country, the personal wealth” he was able to “empathize” with the poor.

“Through my mail bag and through surgeries, I’m well aware of how difficult people find it,” said Mr. Rees-Mogg Sky news.

One of the great strengths of our political system is that as a constituency MP you come to your place most weeks to discuss how they live their lives.

“You would have to be the most stony person not to be able to empathize with people.”

https://www.independent.co.uk/news/uk/politics/jacob-rees-mogg-cost-living-b2078211.html Jacob Rees-Mogg warns against aid in the cost of living crisis because of the risk of inflation

Bobby Allyn

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