He points out that people on the sickness benefit Employment and Support Allowance (ESA), who are in the so-called ‘Work-Related Activity’ group (WRAG), will take an even bigger hit to their budgets than the Conservatives planned when they forced through a cut in the benefit – to the same amount of money as Jobseekers’ Allowance, even though people with long-term illnesses have to finance the extra costs associated with their condition.
Mr Miller makes the excellent point that, after the vote to leave the European Union, the pound has plummeted on the exchange markets – and will do so again when (if?) the UK actually leaves the EU.
He writes: “The ESA WRAG cuts must be rescinded. Not only are they a below subsistence benefit, the plummeting pound has reduced consumer purchasing power and lowered the standard of living.
“Grocery prices will increase—although Sainsbury’s boss has promised the the cost of your weekly shop won’t rise despite Brexit sending the pound plummeting.
“However, if Article 50 is invoked, the pound will inevitably tumble hard again and could hit history-making U.S. dollar parity.
“The bottom line is that supermarkets cannot, in the long term, protect consumers from rising food prices because that’s a failed business strategy.”
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