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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Boris Johnson & Chancellor Nadhim Zahawi on HOLIDAY as UK faces recessionLIZ Truss and Rishi Sunak bickered over a dire recession warning from the Bank of England last night — as the Government was accused of going AWOL during a crisis. On a day of economic misery, the … Is it only journalists that are allowed holidays!!!! Are the Treasury and Bank of England shut then? Mebbe they're partying with Justin Trudeau in Costa Rica.
Source: TheSun - 🏆 64. / 61 Read more »
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 Johnson's been on holiday since he stood down back in July. He should never have been allowed to carry on squatting in Downing Street. Pretty sure you wanted lockdowns and Biden so deal with the consequences of it So 🤷♂️ Didnt you want rid of him
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Boris Johnson And Nadhim Zahawi On Holiday As UK Heads For Economic MeltdownThe pair have been accused of being 'missing in action' as Bank of England predicts year-long recession and soaring inflation. KevinASchofield ♪ We're all going on a ♫ ♩ pre-recession holiday... ♬
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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. Next Tory leader will inevitably fail Ireland. 🇮🇪 Well he didn't do a very good job of it as the chancellor. They all voted for the unnecessary lockdowns. They are all to blame
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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 … Hopefully he will have no choice Good. He needs to be defeated for him and his Wing of the party to know they have been. The process will give Truss legitimacy too and hone her skills. And the longer it goes on the more conservative they are becoming! Oh well, did you see the debate yesterday? Liz had no clue what she was talking about! Plus, did you see the poll of audience? You forgot to report that because you don’t want Rishi to win. What a load of biased & racist rubbish The Sun & Daily Mail are
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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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