Britain isn’t just facing a cost of living crisis: it’s facing a bonanza of corporate greed | Zarah Sultana

Our politicians have opted to protect profits instead of people. Even my own party isn't doing enough

• Zarah Sultana is the Labour MP for Coventry South

Every day brings bleaker forecasts of the depths of the cost of living crisis. Last week it was news that the energy price cap was set to rocket to 3,359 from October, and this week an estimate puts it at 4,266 by January. Then the Bank of England announced the biggest interest rate hike in 27 years. This week, another stark warning of the disastrous consequences of this crisis: a report predicting that 35 million people will be in fuel poverty by the end of the year.

Against this truly frightening backdrop, the public are owed solutions from politicians that match the scale of the crisis. But our political class has almost nothing to say. Behind the headlines are real people suffering, powerfully recounted in this paper's recent Heat or eat diaries: parents who can't put food on the table, private renters struggling to keep a roof over their heads, elderly people terrified of facing winter with no money to pay the bills. I see this in my constituency, with more and more people coming to me unable to make ends meet.

Zarah Sultana is the Labour MP for Coventry South