The Aporia
In late August, SNP Westminster leader Dave Doogan accused the UK Government of setting the stage for another "brutal budget," citing worsening financial conditions and inflation. The Consumer Prices Index (CPI) hit a five-month high at 3.1% in August. Despite the Bank of England keeping interest rates steady during its latest meeting, Governor Andrew Bailey warned that rate increases could become necessary if energy market volatility continues to affect inflation, which aims for a target of 2%. This comes as many households are bracing for higher energy bills due to Ofgem's new price cap in October. Doogan criticized the Labour Party, saying their promises of change and hope have not alleviated the growing cost-of-living emergency.