Boris Johnson Rules Out Emergency Measures To Tackle Cost Of Living Boris Johnson

The prime minister’s official spokesman said there were no plans for a Cobra meeting to tackle the cost of living crisis and it would be up to either Liz Truss or Rishi Sunak to work out a plan to tackle the economic situation when the new prime minister is in post in a month. Downing Street said the “biggest challenges” to family budgets “are coming towards the end of the year” and it will be a matter for either Truss or Sunak to decide whether to take action to help. Energy bills are expected to rise in the autumn and will potentially have tripled from 2019 to £3,600 by January. In addition, families also face forecasts for inflation to rise by up to 13% in October and mortgages to rise as interest rates rise to 1.75%. Johnson dismissed former Labor prime minister Gordon Brown’s proposal for a cost of living summit between No 10, Truss and Sunac as he returned from a holiday in Slovenia. No 10 refused to say who paid for the Prime Minister’s break. The spokesman said Johnson was due to speak to Nahim Zahawi, the chancellor, later this week to make sure support coming later this year was “on track”, but insisted it would be inappropriate to face major financial challenges . “Clearly these global pressures mean difficult times for the public. The government has acknowledged that the end of the year will present wider challenges with things like changes to [energy] price cap,” the spokesperson said. “That’s why, at the start of the summer, we introduced a number of measures to help the public. It is clear that some of the global pressures have increased since it was announced. “Contractually it is not up to this prime minister to make major fiscal interventions at this time. It will be for a future prime minister.” The government’s energy bill support scheme provides a £400 discount on bills in October for every household, a £650 one-off payment to 8 million low-income households, £150 for those on disability benefits and £300 for pensioners. This was designed when the forecast for the October price cap was £2,800. However, it is now forecast to rise to £3,600 by January, leaving many families wondering how they will cope. Subscribe to First Edition, our free daily newsletter – every morning at 7am. BST Rachel Reeves, the shadow chancellor, said: “People are worried sick about how they’re going to pay their bills and do the weekly grocery shop, and all this Tory prime minister is doing is shrugging his shoulders. An economic crisis like this calls for strong leadership and urgent action – but instead we have a Tory party that has lost control and is stuck with two succession candidates who can only deliver more of the same. “Labour would start by scrapping tax breaks for oil and gas producers and giving more help to people struggling to pay their energy bills. Only a Labor government can tackle this crisis and deliver the stronger, safer economy Britain needs.”

title: “Boris Johnson Rules Out Emergency Measures To Tackle Cost Of Living Boris Johnson " ShowToc: true date: “2022-11-01” author: “Julius Gustafson”

The prime minister’s official spokesman said there were no plans for a Cobra meeting to tackle the cost of living crisis and it would be up to either Liz Truss or Rishi Sunak to work out a plan to tackle the economic situation when the new prime minister is in post in a month. Downing Street said the “biggest challenges” to family budgets “are coming towards the end of the year” and it will be a matter for either Truss or Sunak to decide whether to take action to help. Energy bills are expected to rise in the autumn and will potentially have tripled from 2019 to £3,600 by January. In addition, families also face forecasts for inflation to rise by up to 13% in October and mortgages to rise as interest rates rise to 1.75%. Johnson dismissed former Labor prime minister Gordon Brown’s proposal for a cost of living summit between No 10, Truss and Sunac as he returned from a holiday in Slovenia. No 10 refused to say who paid for the Prime Minister’s break. The spokesman said Johnson was due to speak to Nahim Zahawi, the chancellor, later this week to make sure support coming later this year was “on track”, but insisted it would be inappropriate to face major financial challenges . “Clearly these global pressures mean difficult times for the public. The government has acknowledged that the end of the year will present wider challenges with things like changes to [energy] price cap,” the spokesperson said. “That’s why, at the start of the summer, we introduced a number of measures to help the public. It is clear that some of the global pressures have increased since it was announced. “Contractually it is not up to this prime minister to make major fiscal interventions at this time. It will be for a future prime minister.” The government’s energy bill support scheme provides a £400 discount on bills in October for every household, a £650 one-off payment to 8 million low-income households, £150 for those on disability benefits and £300 for pensioners. This was designed when the forecast for the October price cap was £2,800. However, it is now forecast to rise to £3,600 by January, leaving many families wondering how they will cope. Subscribe to First Edition, our free daily newsletter – every morning at 7am. BST Rachel Reeves, the shadow chancellor, said: “People are worried sick about how they’re going to pay their bills and do the weekly grocery shop, and all this Tory prime minister is doing is shrugging his shoulders. An economic crisis like this calls for strong leadership and urgent action – but instead we have a Tory party that has lost control and is stuck with two succession candidates who can only deliver more of the same. “Labour would start by scrapping tax breaks for oil and gas producers and giving more help to people struggling to pay their energy bills. Only a Labor government can tackle this crisis and deliver the stronger, safer economy Britain needs.”