London Daily

Focus on the big picture.
Friday, Apr 03, 2026

Boris Johnson’s biggest headache wasn’t in the queen’s speech - and he knows it

Boris Johnson’s biggest headache wasn’t in the queen’s speech - and he knows it

The UK government’s legislative program contained little to address the cost of living crisis.
Pomp, pageantry, swords and tiaras.

The queen’s speech, which sets out the government’s legislative plan in the British parliament, has all the drama.

What it didn’t have this time was the queen, who missed the occasion for only the third time in 59 years.

Also missing, at least according to opposition politicians and campaigners, was any fresh attempt to address the financial pressures bearing down on households as a result of rising energy bills and inflation.

Blaming the Conservatives’ failure to drive economic growth, Labour leader Keir Starmer said public services were suffering and “times are harder than they need to be” as a result.

The Joseph Rowntree Foundation, an anti-poverty charity, called the lack of new support measures “deeply worrying for families on low incomes” while the Energy and Climate Intelligence Unit think tank said steps to give immediate help such as better home insulation “seem to be falling by the wayside.”

It comes as the country grapples with a grim economic outlook, after the Bank of England warned the U.K. faces a “sharp economic slowdown” this year and raised interest rates to try to stem the pace of rising prices.

Prime Minister Boris Johnson alluded to the scale of the problem in the introduction to the queen’s speech, which is spoken by the monarch — or her understudy in this case — but scripted by the government.

“It is right that we continue doing whatever we can to ease the burdens people are grappling with now,” the preamble went, but crucially stressed that it was not just a case of throwing money at the problem — “we must also remember that for every pound of taxpayers’ money we spend on reducing bills now, it is a pound we are not investing in bringing down bills and prices over the longer term.”

The big question for Johnson is whether voters, and his own MPs, will wear that.

A cross-section of MPs seemed sanguine about the lack of economic assistance laid out, highlighting that the main levers lie with the Treasury and this was not a budget. Yet they were clear that this line will not hold until the fall, when the next budget is scheduled.

One senior Tory, who praised the measures set out on skills, mental health and the government’s manifesto promise to “level up” opportunities across the country, said the queen’s speech was never going to be the vehicle for financial support, but warned that an additional statement was needed “pretty soon” to address the rising cost of living.

A former minister said the argument that “we can’t spend our way out of the cost of living crisis will feel very threadbare in coming months as evidence of hardship mounts up.”

Johnson fretted that the cost of COVID had been “huge” in his own speech later Tuesday, while at the same time fueling expectation he would act on the cost of living sooner rather than later with the aside that he and Chancellor Rishi Sunak will be “saying more about this in the days to come.” This will do nothing to stem rumors in Westminster that the government is preparing an emergency budget for this summer.

However, in a sign that Sunak and his boss are once again not exactly on the same page, Treasury officials poured cold water on the idea of any imminent intervention, with one saying: “The budget timetables will be set out in the usual way. There will be no emergency budget.”

The ex-minister quoted above predicted anything announced before the fall would miss the hardest-pressed, as Sunak’s preference is “to avoid anything that adds a continuing extra cost to social security while showing we back ‘workers.’”

The government regularly highlights that the current economic picture is determined at least partly by global challenges beyond its control, while some analysts believe we may be at the outset of a longer-term realignment.

Ben Zaranko of the Institute for Fiscal Studies think tank cautioned that “the global energy shortage and price surges could just be something that makes us permanently poorer, and saying that the chancellor should protect households and businesses against permanent change in prices is first of all not very conservative and secondly, you can’t do that forever.”

“What he could do, if he so wished, is redistribute to help protect the most economically vulnerable,” he added.

This of course does not prevent Johnson from making choices about what or whom to prioritize when it comes to offering financial protection, and expectations from the public appear to be higher than ever.

Voters have become more favorable toward higher state spending in recent years and particularly as a response to the pandemic, polls suggest.

Pointing to the party’s disappointing results in parts of the country at last week’s local election, one adviser to the Conservatives said: “They tried to get [voters] used to not being able to spend more and voters have told them to eff off.”
Newsletter

Related Articles

0:00
0:00
Close
Trump’s Strategic Pressure on UK Seen as Push for Stronger Alignment and Fairer Terms
UK Focuses on Trade Finance to Secure Critical Materials for Defence and Energy Sectors
Majority of UK Businesses Hit by Middle East Conflict While Confidence Holds Firm
UK Royal Navy Faces Renewed Scrutiny as Debate Intensifies Over Capability and Readiness
Reform UK Faces Mounting Distractions as Policy Agenda Struggles to Gain Traction
Investigation Launched Into Northern Cyprus IVF Clinics After UK Families Receive Incorrect Sperm
International Meeting Issues Unified Call to Safeguard Navigation Through Strait of Hormuz
Potential Strait of Hormuz Closure Raises Concerns Over UK Food and Medicine Supply Chains
UK Leads Coalition of Over Forty Nations Urging Iran to Reopen Strait of Hormuz
UK Secures Tariff-Free Access for Medicines in Landmark US Pharma Trade Agreement
King Charles III Invited to Address Joint Session of U.S. Congress in Rare Diplomatic Honor
Debate Grows Over Whether Expanded North Sea Drilling Can Reduce UK Energy Bills
UK Faces Heightened Risk of Jet Fuel Shortages, Airline Chief Warns
UK Ends Police Investigations into Lawful Social Media Posts After Review Finds Overreach
Abramovich Moves to Establish Charity for Frozen Chelsea Sale Proceeds Amid UK Dispute
Starmer Reaffirms NATO Commitment While Responding to Trump’s Strategic Critique
UK Aid Reductions Raise Fears of Severe Human Impact Across Parts of Africa
UK Signals Renewed Push for EU Cooperation as Iran Conflict Reshapes Security Landscape
Bank of England Signals Caution as Bailey Advises Markets Against Expecting Rate Hikes
UK to Convene Global Coalition to Restore Shipping Through Strait of Hormuz
Trump Signals Possible NATO Reassessment, Emphasizes Stronger U.S. Strategic Autonomy
Australia Joins British-Led Efforts to Reopen Strait of Hormuz Amid Escalating Tensions
King Charles Plans US State Visit as UK Strengthens Ties with Trump Leadership
UK Regulator Launches Investigation Into Microsoft’s Business Software Practices
Kanye West Set for High-Profile Return to UK Stage at Wireless Festival
Trump Presses Europe to Strengthen Commitment as Iran Conflict Escalates
UK to Deploy Additional Troops to Middle East Amid Rising Regional Tensions
UK Authorities Face Claims of Heavy-Handed Measures in Monitoring Released Pro-Palestine Activists
Trump Calls on UK to Secure Its Own Energy as Iran Conflict Intensifies
Nigel Farage Declines Invitation to UK Conservative Conference Led by Liz Truss
Trump Warns Allies to Take Responsibility as Rift Deepens with UK and France Over Iran Conflict
How Britain’s Prime Minister Controls U.S. Bomber Access in Escalating Iran Conflict
Trump Urges Allies to Secure Their Own Oil Supplies as Hormuz Crisis Disrupts Global Energy
Russia Expels British Diplomat as UK Pushes Back Against Pressure
White House App Faces Scrutiny After Claims of Continuous User Location Tracking
BBC Faces Scrutiny Over Allegations of Paid Content Linked to Saudi Arabia
UK-France Coastal Patrol Agreement Nears Breakdown Amid Migration Pressures
UK Police Detain Pro-Palestine Activist Again Weeks After Bail Release
FTSE 100 Advances as Energy and Mining Shares Gain Amid Middle East Tensions
Eli Lilly Seeks UK Pricing Deal to Unlock Renewed Pharmaceutical Investment
Three Arrested in UK After Massive Cocaine Haul Discovered Hidden in Banana Shipment
UK Fuel Prices Poised for Further Surge Amid Global Energy Pressures
Apple Subsidiary Penalized by UK Authorities for Breach of Moscow Sanctions
Western Allies Intensify Coordinated Sanctions Strategy Against Russia
UK Lawmakers Face Criticism Over Renewed Push for Social Media Restrictions
Starmer Signals UK Crackdown on Addictive Social Media Features
Rising Costs Push One in Five UK Hospitality Businesses to the Brink of Closure
Man Arrested on Suspicion of Attempted Murder After Car Strikes Pedestrians in UK, Injuring Seven
Escalating Conflict Involving Iran Tightens Fiscal Pressures and Highlights UK Economic Vulnerabilities
UK Moves to Confront Russian ‘Shadow Fleet’ Operating in Its Waters
×