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Outgoing PM Boris Johnson to leave ‘major’ fiscal decisions to next PM

Prime Minister Boris Johnson will not make “major fiscal interventions” before leaving office next month, his spokesman said on Monday (August 8) amid calls for immediate government action to tackle Britain’s cost-of-living crisis, the Alarabiya English reported, citing the AFP.
Johnson, back at his desk after a five-day belated honeymoon with wife Carrie in Slovenia last week, has been criticized for being absent just as the Bank of England warned that a year-long recession is looming.
His trip coincided with finance minister Nadhim Zahawi also being away on holiday, as the central bank hiked interest rates by the biggest margin in nearly three decades in a bid to stem surging inflation.
Johnson, who announced last month that he would step down on September 6 following a slew of scandals, is set to hand power to either Liz Truss or Rishi Sunak after a summer-long leadership battle.
“By convention, it is not for this prime minister to make major fiscal interventions during this period,” Johnson’s spokesman told reporters. “It will be for a future prime minister.”

Johnson’s government had already unveiled several measures to help people with rising prices, he said, but acknowledged “some of the global pressures have increased since that was announced”.
Both Truss, the frontrunner to replace him, and Sunak have vowed to tackle Britain’s spiraling inflation rate and worsening economic landscape from their first day in office.
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But figures from across the political spectrum have been demanding more urgent moves -- including former Prime Minister Gordon Brown on Monday.
“When I say people have been asleep at the wheel, it’s not true -- they’ve not been at the wheel,” Brown told LBC radio, as he toured various broadcast studios to highlight the worsening cost-of-living situation.
“That’s the problem. And we’ve got to get them back to work to take the action that is necessary,” he said, adding: “it’s not good enough acting in September or October.”
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Downing Street last week refused to confirm Johnson’s honeymoon destination, but insisted he was still at the helm, rather than handing over temporarily to Deputy Prime Minister Dominic Raab.
Slovenian television news outlets reported he left the country on Sunday evening after spending four nights at a mountain resort and visiting the capital Ljubljana, in what sounded like a work-light trip.
The British leader told Slovenian TV stations as he departed: “We climbed every available mountain, we jumped in the lakes, we (went) on bicycles and we had a wonderful time.”
Source: alarabiyaenglish
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BENEFIT Sponsors Gulf Uni...
- April 17, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced its sponsorship of the “Innovation and Sustainable Technology Solutions Competition (GU - IST Solutions), hosted by Gulf University at its main campus.
This strategic sponsorship reflects BENEFIT’s active role in advancing technological innovation and fostering sustainable solutions to future challenges. It also seeks to empower Bahraini youth by enhancing their skills, capabilities, and competitiveness in innovation and solution development—contributing meaningfully to the broader goals of sustainable development across all sectors.
As part of BENEFIT’s active involvement in the competition, the company has announced that Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication, will serve on the competition’s supervisory committee. Her upcoming participation reflects BENEFIT’s forward-looking commitment to championing academic and professional excellence.
Commenting on the occasion, Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication at BENEFIT, said, “We are privileged to support this pioneering initiative, which aligns seamlessly with BENEFIT’s enduring commitment to fostering innovation and nurturing the potential of Bahrain’s youth. Our participation is rooted in a deep sense of social responsibility and a firm belief in the pivotal role of innovation in shaping a sustainable future. Through such platforms, we seek to empower the next generation with the knowledge, skills, and foresight required to develop impactful solutions that address future challenges, in line with the United Nations Sustainable Development Goals 2030.”
Dr. Aseel Al Ayash Dean of the College of Engineering in Gulf University commented, “We extend our sincere gratitude to BENEFIT for their generous sponsorship and support of the Innovation and Sustainable Technology Solutions Competition. This contribution plays an instrumental role in helping us achieve the strategic goals of this initiative, namely, cultivating a culture of innovation and sustainability, encouraging efforts that address the imperatives of sustainable development, and enhancing the practical and professional capabilities of our students and participants.”
The event will bring together a diverse spectrum of participants, including secondary school students, university undergraduates, engineers, industry professionals, entrepreneurs, academic researchers, and subject matter experts representing a wide range of disciplines.
The competition seeks to inspire participants to develop and present innovative, sustainable technologies aimed at addressing pressing environmental, social, and economic challenges. It encourages the formulation of business models that integrate advanced technological solutions with core principles of sustainability. Moreover, it serves as a platform for emerging leaders, entrepreneurs, and innovators to contribute to the advancement of the Sustainable Development Goals, promote the ethos of responsible technology, and demonstrate its transformative potential across various sectors.
Attendees will have the opportunity to view a series of project presentations submitted by participants, covering diverse areas such as eco-friendly product design, smart and sustainable innovations, renewable energy technologies, water conservation and management, waste minimisation and recycling, green architectural solutions, and sustainable transportation systems. Outstanding projects will be formally recognised and awarded at the conclusion of the event.
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