The Legatum Institute, led by the Conservative peer and former government adviser Philippa Stroud, estimated that even if the energy price cap was held at its summer rate of £1,971, another 1.3 million people would slide below the relative poverty line compared with pre-pandemic rates.
However, Legatum said government intervention to freeze energy prices – expected this week – was essential to avert what would otherwise be an even more drastic “once in a generation” explosion in poverty.
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