SNP Westminster leader Stephen Flynn has stepped up demands for Westminster to provide emergency support during the cost of living crisis – warning that without action the UK is heading towards a “cliff edge”.
The MP made the plea in the wake of warnings from the Bank of England over the state of the UK economy.
While stressing that the “severity and duration” of the current conflict in the Gulf is unknown, the worst case scenario could see inflation peak at 6.2% and not drop back to the target rate of 2% in the next four years.
Such a scenario could see as many as six interest rate rises to 5.5%, it was reported.
Warning that the UK is facing “economic catastrophe”, Mr Flynn accused Prime Minister Sir Keir Starmer of being “asleep at the wheel” when the Government should be providing “urgent help”.
Hitting out at the Labour leader, the Mr Flynn – who is hoping to be elected to Holyrood in next week’s Scottish Parliament election – said: “Broken Brexit Britain is at crisis point and it’s a disgrace that…