Tory MPs vote down emergency budget to tackle cost of living crisis

Tory MPs have voted down plans to trigger an emergency budget despite the worsening cost of living crisis.

The Labour amendment to the Queen’s Speech was defeated by 312 to 229 tonight.

It comes on the same day inflation shot up to its highest level in 40 years, sparking warnings the UK is headed for a recession.

Last night, Tories also voted against Labour’s proposal for a windfall tax that the party said could save struggling families around £600 a year.

Earlier, Shadow chancellor Rachel Reeves tore into the government, branding ministers ‘out of touch’ and ‘out of ideas’.

Earlier, Shadow chancellor Rachel Reeves said it was ‘unconscionable’ that the government was piling taxes on working people in the middle of a crisis and argued an emergency budget was needed to deal with the lack of support on offer.

She said that it must include a windfall tax to ‘help get bills down and help families and pensioners weather this storm’, adding: ‘Today’s inflation data will add to the worries families already face as prices soar and pay packets are crunched.’

The Office for National Statistics (ONS) released new data today showing inflation had reached 9% – the highest level since 1982.

The figures follow a week of grim warnings that the UK is facing ‘apocalyptic’ food prices in the coming months and school dinner portions might shrink as a result.

Food banks today warned that they are struggling to keep up with imploding demand, with one organisation in Cornwall claiming children are getting food poisoning because their parents are switching off their fridges at night to save money on energy.

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