Boris Johnson and the candidates to replace him faced fresh calls to “fill the vacuum” left by a lame duck PM and urgently come up with fresh support for families facing a lengthy recession. 🔴 singharj and AlannahFrancis1
and the candidates to replace him faced fresh calls to “fill the vacuum” left by a lame duck Prime Minister and urgently come up with fresh support for families facing a dire cost of living crisis and lengthy recession.
Mr Johnson and Chancellor Nadhim Zahawi have faced criticism for going on holiday as the economic outlook for the UK was dramatically downgraded by the Bank of England, which this week put up interest rates to grapple runaway inflation andThe Prime Minister agreed when he announced his resignation last month that the Government would not make fresh tax and spending decisions until a new Conservative leader and replacement in No 10 is elected by the party, withBut CBI director-general Tony...
But several leading independent economists have suggested the proposals will not go anywhere near far enough to help families get through winter, with energy bills set to rise to at least £3,500. Both have signalled they are ready to offer fresh support without setting out the details, with Ms Truss pledging and emergency Budget on 21 September, days before the energy bill price cap will rise in October.
Mr Johnson and the leadership contenders are also facing calls to urgently agree a consensus plan to be announced soon to reassure households and businesses and help them make decisions, although this has been all-but-ruled out by Downing Street.
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PM and chancellor on holiday as Bank of England warns UK to be hit by recessionBoth Boris Johnson and his chancellor Nadhim Zahawi are away on holiday as the Bank of England hiked interest rates for 27 years and warned of the longest recession since the financial crisis
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Tory leadership: Next PM will have to grapple with economy quicklyWhile candidates to be PM trade blows many may be wondering whether economic help on offer is enough.
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Rishi Sunak WON'T quit and crown Liz Truss PM despite languishing behind her in the pollsRISHI Sunak won’t quit the Tory leadership race and hand Liz Truss the crown, one of his top allies insisted today. Mel Stride said there was no way he was giving up – despite a string …
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FIRST ALERT: Hot and Humid Weekend, Chance of PM Storms Saturday and SundayIt’s a hot and humid weekend. Our storms Friday brought some damage, and the theme is we’ll keep watching daily pop up showers and storms from now through the second half of next week. Make sure you stay cool again and you take it easy on outdoor activities Saturday and Sunday. If you’re packing up for the beach, our coastal…
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