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Boris Johnson hints at cost of living, but treasury rules out emergency budget | Political news

Boris Johnson hinted at announcing a solution to the cost-of-living crisis in the coming days, but the Treasury quickly denied that there would be an emergency budget.

The Prime Minister came under pressure during a debate in the House of Commons over rising house prices for British households. The Queen’s speechwhich sets the government’s legislative agenda.

Job Leader: Sir Kir Starmer He argued that the government was “devoid of ideas” as the nation went into a “stagflation crisis”, using the term to describe when weak economic growth is accompanied by high inflation.

Political live broadcast. Deputies discuss the Queen’s speech after the Prime Minister’s “beergate” joke

Mr Johnson acknowledged that the aftermath of the epidemic had seen rising energy and food prices around the world, but said the government had “budgetary power to help families with all the pressures the country is currently facing”.

He added. “We will continue to use all our ingenuity and compassion for as long as it takes, and I will say more about this in the coming days.”

The speaker of the treasury said immediately after the Prime Minister’s announcements that there would be no emergency budget.

Last month, Chancellor Rishi Sunak said he needed to see fuel prices rise before taking new measures.

“Depending on what happens to the bills in that case, of course, if we need to act and support people, we will do it,” he told Mumsnet at the time.

“But it would be foolish to do it now or last month or a month ago when we do not know exactly what the situation will be in the fall.”

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Starmer accuses the government of “stagflation”.

“We can not spend our way on this issue.”

Later, during his speech at the House of Commons, the Prime Minister said. “No matter how compassionate and resourceful we are, we can not just go out of our way to get out of this problem.

“We need to get out of this problem by creating hundreds of thousands of new high-paying, high-skilled jobs across the country.”

The Prime Minister spoke about the reduction of government expenses, as well as about the “burden that the government puts on taxpayers, citizens”, and promised to eliminate the delays in issuing passports and driver’s licenses.

Sir Carey told the communities that “times are hard, but they are much harder than they should be.”

He called for measures, including an emergency budget, an unexpected tax on energy companies, and a better plan to avoid more energy crises in the future, such as confronting land-based wind turbines.

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Sir Carey said Britain needed a “government of the time with ideas that would meet the aspirations of British society”.

“This thin address, devoid of ideas or goals, without a guiding principle or a roadmap for delivery, shows how far this government is from it. “The future, their time has passed,” said the Labor leader.

He added. “The failure of this government to develop its economy in a decade, combined with its inertia in the face of spiral bills, means that we are looking at a barrel of something we have not seen in decades – a stagflation crisis.”

Sir Carey said the Queen’s speech was “the last chapter in the poor response to the cost of living crisis”.

The leader of the Liberal Democrats, Sir Ed Davey, later asked for help after the prime minister’s remarks, which were followed by the treasury, saying “they have no idea what the prime minister is alluding to”.

“It would be wonderful if the minister could illuminate the palace at least from the first seat, because our voters need help, there is nothing in this speech of the queen,” he said.

Analysis John Craig’s chief political correspondent

In turn, this one was fast, even by the standards of this government. And that exposed the tension between the 10th and 11th issues of Downing Street’s tax և spending.

Responding to Sir Kir Starmer’s calls for an ambulance in the cost of living crisis, Boris Johnson forced the deputies to sit down when he said: “Chancellor և I will say more in the coming days.”

Really? This was news to Rishi Sunaki: Treasury. “There will be no emergency budget, we will set the budget schedule in the usual way,” a treasury official told Sky News.

So it’s pretty categorical. So what does the Prime Minister do? Is he trying to force his chancellor to declare urgency? Or is there a quarrel between the couple behind the scenes?

Earlier in the day, Sir Lindsey Hoyle, a spokeswoman, said lawmakers would discuss the cost of living next Tuesday and economic growth on Wednesday.

In those days the chancellor will speak on behalf of the government. He is now under enormous pressure to act. And not from the opposition MPs, but from his neighbor down in Downing Street.

Boris Johnson hints at cost of living, but treasury rules out emergency budget | Political news

Source Boris Johnson hints at cost of living, but treasury rules out emergency budget | Political news

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