Our new Prime Minister will have to reverse the public’s collapse in confidence, top MP warns

THE new Prime Minister will have to navigate the Tory Party through a "collapse in public confidence" during the cost of living crisis, a senior Tory MP warned today.

- Rachael Burford

Jake Berry, chairman of the influential Northern Research Group, said the new Conservative leader would be under pressure to boost the stalling economy and cap soaring bills.

But he admitted that any plans to help struggling households put in place by Liz Truss or Rishi Sunak would come with a hit to Government finances.

Forecasters predict average annual energy payments could rise to more than £3,500 in October at a time when fuel and food prices are also skyrocketing and inflation is in double figures.