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.
This story is from the August 19, 2022 edition of Evening Standard.
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This story is from the August 19, 2022 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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