London Daily

Focus on the big picture.
Sunday, Oct 25, 2026

Boris Johnson says UK ‘not necessarily’ heading for recession

Boris Johnson says UK ‘not necessarily’ heading for recession

PM sounds upbeat note on economy amid some disquiet among Tory MPs over £15bn cost of living package

Boris Johnson has said the UK is “not necessarily” heading for a recession after his chancellor announced a £15bn package to help people deal with rising energy bills and inflation.

Despite experts warning of trouble ahead for the economy and the government bringing in emergency measures to help out struggling households, the prime minister sounded an upbeat note about Britain’s financial prospects in an interview with Bloomberg TV.

“There are ways forward for the UK that are incredibly exciting,” he said. “If we make sure that we have a proactive approach to talent from abroad – we want to control immigration but allow the talent that we need to come in – we fix our energy supply issues, we fix the issues in the UK labour market.

“One of the incredible things about the economy right now is that unemployment is at its lowest level since I was two years old.”

He acknowledged there would be a “difficult period” ahead but said he was confident energy prices would start coming down.

Asked if the UK was heading for a recession, he answered: “Not necessarily at all.”

Johnson’s economic optimism has been wrong in the past when he gave an interview last year saying inflation fears were “unfounded”. It has since hit 9% and there are worries it could be in double digits by the end of the year.


Rishi Sunak, the chancellor, launched a package of measures on Thursday designed to tackle soaring fuel bills amid the cost of living crisis, but the measures have proved controversial with Conservatives MPs who would rather have seen tax cuts.

Speaking in a round of broadcast interviews on Friday, Sunak said he remained a “fiscal conservative”. He also did not rule out further emergency relief next year.

The package of relief was more ambitious than predicted but Sunak was quick to insist he had not changed his politics.

“First and foremost, I’m a fiscal conservative; I believe it’s incredibly important that I manage the country’s finances responsibly,” he said on Friday morning. “That means, after suffering the shock we did, to get our borrowing and debt levels back on a sustainable trajectory.”

Asked if he would be prepared to introduce a further emergency package in future, with fresh borrowing and taxes, he said: “People can judge me by how I’ve acted over the last couple of years.

“I’ve always been prepared to respond to the situation on the ground, what’s happening to the economy, what families are experiencing and making sure we’ve got policies in place to support them through that.

“In terms of ‘Is it one-off, what’s happening next year?’, I’d go back to what I said earlier. I do want people to be reassured and confident that we will get through this. We will be able to combat and reduce inflation, we have the tools at our disposal and after time it will come down.”

Commenting on the fact that every household across the UK would receive a £400 grant to help cope with the rapidly rising energy costs, including wealthy individuals such as himself, the chancellor said he would be donating his to charity and encouraged others who did not need it to do the same.

He told Sky News: “I am sure, like me, you can also give that money to charity if you don’t need it.”

He said second homes would account for only 1-2% of payments, adding that he had not wanted to use council tax to give the money to households because of the risk that it penalised families in larger homes who were cash poor.

Sunak denied the shadow chancellor Rachel Reeves’ suggestion that he had implemented a Labour policy, telling BBC Radio 4’s Today programme: “I don’t think that’s fair.”

Labour proposed a windfall tax on energy companies five months ago.

He also denied the package was brought forward to generate positive headlines after Sue Gray’s report exposed a culture of “bacchanalian” parties in Downing Street.

Despite a turbulent few weeks, where he has been fined for breaching Covid rules and his family’s finances have come under scrutiny, Sunak said he was not planning to resign.

He told the BBC: “No. I am fully committed to helping get the country through what are some challenging months ahead and build a brighter future for the people that I’m very privileged to represent.

“And, as you saw yesterday, I have the same energy and verve I’ve always had for this job and I’ll keep at it.”

Newsletter

Related Articles

0:00
0:00
Close
UK Conservative Party Suspends Former Electoral Candidate Following Undercover Investigation
Actors and Writers Condemn British Anti Terror Legislation Targeting Activist Groups and Free Speech
Central Bank and Treasury Monitor Inflation Risks as International Monetary Fund Upgrades United Kingdom Growth Forecast
Storm Boelo Batters British Isles With Eighty Mile Per Hour Winds Causing Widespread Power Outages
British Intelligence Services and Technology Firms Partner to Counter Artificial Intelligence Enabled Cybersecurity Threats
UK Consumer Confidence Falls at Fastest Rate Since Brexit Vote as Cost of Living Intensifies
Chancellor John Healey Prepares Landmark Autumn Budget Focused on Devolution and Fiscal Rules
Northern Ireland Executive Ministers Reach Consensus on Shared Economic Development Priorities to Stimulate Regional Growth in Belfast
Department for Business and Trade Finalizes Conditional Support Package for Advanced Semiconductor Fabrication Facilities in Newport
Welsh Government Unveils Regional Industrial Development Strategy to Attract Green Energy Investment to South Wales Manufacturing Hubs
Foreign Secretary David Lammy Concludes Diplomatic Mission to European Capital Cities to Strengthen Post-Brexit Defense Cooperation
Department for Environment, Food and Rural Affairs Implements Stricter Regulatory Compliance Standards for Water Utilities Across England
Office for National Statistics Reports Moderate Wage Growth Stabilization and Resilient Employment Figures Across the United Kingdom
Scottish Government and Trade Union Representatives Reach Tentative Pay Agreement for Public Sector Transport Workers in Edinburgh
National Health Service England Announces Emergency Capital Funding Allocation to Reduce Winter Emergency Department Bottlenecks
Bank of England Monetary Policy Committee Signals Cautious Approach to Interest Rate Reductions Amid Persistent Inflation Pressures
British Prime Minister Keir Starmer and Treasury Officials Finalize Urgent Fiscal Adjustments Ahead of Upcoming National Budget
Tour de France Organizers Confirm Historic Grand Depart Featuring Edinburgh and Yorkshire Stages
National Cyber Security Centre Issues Urgent Alerts Following Global Security Vulnerability in Core Programming Software
Independent Energy Analysts Warn Great Britain Faces Highest Winter Power Tariffs in Europe
Major British Defense Contractors Commit to Delivering Forty Thousand New Apprenticeships and Training Placements
New Bradford Railway Station Infrastructure Project Approved to Transform Regional Transit Connectivity Across Northern England
Welsh Infrastructure Stakeholders Press Government for Accelerated Local Sourcing in Military and Uniform Manufacturing
Scottish Council Governance Crisis Triggers High-Court Legal Challenge Over Leadership Ouster Bid
High Street Bakery Chain Greggs Announces Major Factory Closures and Seven Hundred Job Cuts
Automotive Manufacturer Jaguar Land Rover Advances Advanced Defense Technology Partnership with European Allies
Treasury and Bank of England Officials Signal Persistent Concern Over Inflation-Driven Interest Rate Path
International Monetary Fund Upgrades United Kingdom Growth Forecast While Issuing Inflation Warnings
National Health Service Leaders Warn of Severe Capacity Pressures as Early Winter Respiratory Infections Surge
Government Issues Emergency Resilience Guidance Advising All British Citizens to Stockpile Essential Supplies
United Kingdom Private Sector Growth Beats Expectations in October Driven by Resilient Services and Manufacturing
Barclays to Cut Five Thousand Jobs in Major Artificial Intelligence Adoption and Cost-Cutting Overhaul
Piper Tomahawk Aircraft Crash Near Drymen in Stirling Claims Two Lives as Investigators Deploy
North Sea Transition Authority Approves Jackdaw Gas Field Production After Ministerial Authorization
Government Injects One Hundred and Forty Million Pounds to Expand Urgent Care Ahead of Winter Crisis
Department of Health Warns Further Pay Rises Will Derail National Health Service Waiting List Targets
Major Environmental Emergency Declared in South Wales Following Aerospace Kerosene Spill
Tank Barrel Production Returns to Britain as Defence Contractors Accelerate Domestic Rearmament
Government Approves Controversial Jackdaw Gasfield Development in the North Sea
National Health Service Maternity Safety Review Condemned Over Flawed Artificial Intelligence Integration
Dozens of United Kingdom Government Services Taken Offline Amid Critical Software Vulnerability
Barclays Announces Five Thousand Job Cuts Citing Artificial Intelligence Productivity Gains
Treasury Relaxes Post-Financial Crisis Accountability Rules for City of London Executives
United Kingdom Government Issues Unprecedented Guidance Urging Citizens to Stockpile Essential Supplies
United Kingdom Consumer Inflation Accelerates to Eleven-Month High Driven by Transport Costs
United Kingdom Public Sector Net Debt Breaches Three Trillion Pounds Ahead of Autumn Budget
Department for Science, Innovation and Technology Commits Fifty Million Pounds to Establish Regional Artificial Intelligence Innovation Clusters
Ofgem Directs Major Energy Suppliers to Expand Vulnerable Household Support Funds Ahead of Winter Heating Season
Home Office and National Police Chiefs Council Unveil New Intelligence-Led Strategy to Tackle Organised Immigration Crime Networks
First Minister John Swinney Secures Scottish Parliament Approval for Comprehensive Climate and Green Energy Infrastructure Strategy
×