Multiple Tory MPs admitted they were increasingly concerned about the impact of high interest rates and inflation on the party at the ballot box, and suggested the public needed to accept they were worse off in the interim.
Eleanor Langford, Chloe Chaplain, Poppy Wood inews.co.uk (Extract)
“The reality is to get inflation under control, people do have to be poor,” one backbench Tory MP told i. “You have to have less money. But that is not a particularly politically sellable strapline.”
They added that the party was “struggling to come up with something that would ease the burden but still have the right effect on inflation”.
This was echoed by a former minister, who said that reducing inflation “almost inevitably means a drop in people’s living standards for a period of time”. “It is a really difficult sell to the public. No-one likes to admit it,” they added….
…It comes after Rishi Sunak faced criticism on Wednesday for telling a man facing a £1,300 increase in mortgage payments due to high interest rates that the average increase was only £200.
He also suggested he could extend his mortgage by a further “five or 10 years” and that it would “save you hundreds of pounds”.
East Devon Watch 
“The reality is to get inflation under control, people do have to be poor,” one backbench Tory MP told i.
That may have been true in the past when capitalistic competition worked as it should, keeping prices as low as possible given the costs involved in creating the goods or services – and when this was true it was generally wage growth which caused inflation.
And in a capitalist democracy, one of the purposes of Government is to regulate capitalism, make sure that competition is working to keep prices down, and thus ensure that consumers get a fair deal. After all, in a democracy the Government is elected by the people to act in THEIR interests rather than the interests of big business.
But capitalism in the UK is broken – there is way too much money flowing from big business to the Conservative Party, and the simple fact is that Conservative Government no longer regulate capitalism, and no longer act in the interests of consumers, but instead have been bought and paid for by the ultra rich and big business who actually fund the Conservative Party.
That is one of the main reasons why Britain is Broken and greedy profiteering by big business is rife. (Not to mention a lack of regulation of monopolistic utility companies that are ripping off consumers and polluting our beaches.)
The reality of today’s inflation is that it was kicked off by the Ukraine war raising prices, but as these have fallen back it has been maintained by corporate greed and profiteering. But despite Sunak’s pledges to cut inflation, unless he stops corporate greed (which he will never do since A) he is one of the ultra rich, and B) he and his colleagues are funded by the ultra rich and big business) he won’t achieve it. And then wage growth will make it worse.
Finally, do I really need to point out that when one (nameless) Tory backbencher says “people do have to be poor” he is of course referring to OTHER PEOPLE, because he and his ilk will never-ever-EVER experience the reality of poverty – the worst that might happen is that they might need to put off the new super-yacht for a few months, rather than being homeless or having to choose between heating or food in the winter.
In retrospect, I think that the comment by this nameless MP has to be the single most crass, pompous, dis-respectful and condescending comment I have ever heard from a Tory politician – and believe me that is saying something!!!!
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