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The Conversation
The Conversation
Tolu Olarewaju, Economist and Lecturer in Management, Keele University

Tory tax plans need to be more strategic to tackle the cost of living crisis – here’s why

The cost of living crisis is a key issue for the Conservative leadership candidates hoping to become the next prime minister of the UK. But the taxation strategies suggested by the final two Conservative party leadership hopefuls, Rishi Sunak and Liz Truss, won’t solve this problem.

Instead, we need a more nuanced approach that will support all UK households, but particularly those in more deprived areas who have been hit hardest by rising bills and slowing economic growth. Understanding how and why inflation has affected these households is an important step in assessing the solutions the candidates have put forward.

UK inflation rate

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