Dark Mode
Friday, 22 November 2024
Logo
Boris Johnson promises more to say on cost of living support in coming days
Putting the best of British business on the global market is vital to growing our economy – with exports bringing £640bn into our economy last year (UK PM Twitter account)

The USnews reported,citing Reuters, British Prime Minister Boris Johnson and Chancellor Rishi Sunak will have more to say in the coming days on helping voters with the current cost of living crisis.

Speaking during a debate on his legislative agenda, announced earlier in the day, PM Boris Johnson outlined the damage the COVID-19 pandemic had done to the economy and public finances, compounded by a spike in energy prices.

He said the government had already helped families with the increase to their cost of living, and would continue to do so.

Outdoor market in London, UK (Photo: Pixabay)

Johnson said: "We will continue to use all our ingenuity and compassion for as long as it takes. My Right Honourable friend the Chancellor (Sunak) and I will be saying more about this in the days to come."

Britain to increase tariffs on Russian platinum and palladium in new sanctions

It was not clear whether Johnson was signalling another imminent round of support.

A finance ministry source said plans for any support on energy bills would be announced once details of the next price cap level, due to be set from October, were known.

The source said: "There will be no emergency budget and budget timelines will be set out in the usual way."

Britain looks to the Gulf to boost post-Brexit trade

Later in his speech Johnson set out the limits of what his government could do: He said: "However great our compassion and ingenuity we cannot simply spend our way out of this problem. We need to grow out of this problem.

Source: usnews