Rishi Sunak’s reputation has “crashed like cryptocurrency”, said senior Labour MP Ed Miliband in a stinging attack over the chancellor’s failure to provide fresh help with the cost of living crisis.
The shadow climate minister condemned Mr Sunak over his refusal to impose a windfall tax on oil and gas giants, accusing him of being “in denial” and “wholly out of touch”.
Mr Miliband also ridiculed of the chancellor for blaming the government IT system for not being able to uprate benefits – saying “the dude from Silicon Valley” was capable of fixing the computer problem.
“Over the last few months crypto has crashed and so has the chancellor,” said Mr Miliband in the Commons.
The senior Labour figure added: “How similar they are, the chancellor and cryptocurrency. [They] came out of nowhere, the value surged, looked like the future – but it’s all turned out to be one giant Ponzi scheme.”
“He’s been found out, he’s been rumbled,” said Mr Miliband. “Let’s face it, his colleagues all know it. He’s out of touch with what is happening in the country, and he’s out of his depth when it comes to the challenges this country faces.”
Mr Sunak has faced increased scrutiny over his family’s wealth after The Independent first revealed his wife Akshata Murty was claiming non-domicile status.
The reference to the “dude from the Silicon Valley” follows questions over Mr Sunak’s former status as a permanent US resident. It emerged that he…
