London Daily

Focus on the big picture.
Wednesday, Mar 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
Trump Signals Frustration with UK Leadership Amid Diverging Approaches to Iran Conflict
UK Government Takes Control of Hunterston B as Landmark Nuclear Decommissioning Begins
UK Public Inflation Expectations Jump Sharply in March, Raising Pressure on Bank of England
UK Ministers Warn Expanded North Sea Drilling Would Deepen Exposure to Global Energy Volatility
Delayed UK Defence Investment Plan Leaves Suppliers Under Severe Financial Strain
Can Iran Strike the UK? Assessing the Real Military Threat as Conflict Escalates
Sanctioned Iranian Banker Linked to Luxury Marbella Villa Through UK Corporate Structure
Casey Bloys Navigates HBO Max UK Launch, Paramount Integration and Industry Buzz Over Netflix Meeting
Iran Conflict Sparks Sharp Turbulence in UK Mortgage Market, Reaching Pandemic-Era Disruption Levels
Major Donor Urges University of Kentucky to Reconsider Mitch Barnhart’s Post-Retirement Role
United Kingdom Moves to Lead International Effort to Reopen Strait of Hormuz
UK Police Investigate Targeted Attack on Jewish Ambulance Vehicles
UK Police Investigate Targeted Attack on Jewish Ambulance Vehicles
Senior UK Advocate Criticises Barnhart Retirement Appointment, Calls for Reconsideration
UK Finds No Evidence of Direct Iranian Threat to Britain, Says Prime Minister Starmer
Assessing Iran’s Strike Capability and the UK’s Readiness Amid Rising Tensions
NATO Unable to Confirm Iran’s Role in Strike on UK-US Base as Tehran Denies Involvement
University of Kentucky’s Youling Xiong Receives SEC Faculty Achievement Award for 2026
Trump Highlights Satirical Portrayal of UK Leadership Amid Talks with Prime Minister Starmer on Iran Conflict
Trump Highlights Satirical Portrayal of UK Leadership Amid Talks with Prime Minister Starmer on Iran Conflict
UK Fuel Prices Surge Toward Crisis Levels as Experts Warn of Further Sharp Increases
UK Fuel Prices Surge Toward Crisis Levels as Experts Warn of Further Sharp Increases
Duchess of Sussex Secures ‘As Ever’ Trademark Rights in Australia Ahead of High-Profile Visit
UK Reaffirms Security as Officials Reject Claims of Immediate Iranian Missile Threat
Rising Middle East Tensions Spark ‘Trumpflation’ Debate Over Impact on UK Households
UK Minister Says No Evidence Iran Can Strike Europe Despite Heightened Warnings
British-Iranians Voice Safety Concerns to Authorities as Regional Conflict Intensifies
Confirmed Meningitis Cases Linked to Kent Outbreak Revised Down to Twenty
UK Government Sees No Evidence Iran Can Strike London Amid Rising Regional Tensions
Debate Grows Over Recognition of Indigenous Cultural Icons in the United Kingdom
Iran Missile Launch Toward Diego Garcia Raises Questions After Failed Strike on US–UK Base
Donald Trump Amplifies Viral Satirical Clip Highlighting UK–US Political Dynamics
UK Satirical Show Draws Attention with Sketch Referencing Trump and Prince Andrew
Meghan Markle’s Possible UK Return Sparks Renewed Attention on Sussex Role
Starmer Convenes Urgent Talks on Cost-of-Living Pressures Linked to Iran Conflict
Starmer Convenes Urgent Talks on Cost-of-Living Pressures Linked to Iran Conflict
UK Investors Eye Bargain Shares Ahead of ISA Deadline Amid Market Volatility
UK Investors Eye Bargain Shares Ahead of ISA Deadline Amid Market Volatility
Northern Lights Expected Over UK Skies Tonight Amid Strong Solar Activity
UK Condemns Iran Missile Strike and Warns Against Threats to British Personnel
UK Warns of Global Flight Disruptions as Iran Conflict Escalates Under Trump’s Leadership
UK Condemns Iran After Missile Strike Targets Strategic Diego Garcia Base
Deadly Meningitis Outbreak in UK Reinforces Urgency of Vaccination Campaigns
Iran Launches Long-Range Missile Strike on Remote US-UK Base, Signaling Expanded Reach
Iran Launches Long-Range Missile Strike on Remote US-UK Base, Signaling Expanded Reach
UK Rules Out Cyprus Base Role in Joint US Self-Defence Framework
UK Ends Hereditary Peerage Rights in Parliament in Historic Constitutional Reform
Lord Walney Warns of Expanding Iranian Influence Networks Within the United Kingdom
Iranian National Among Two Arrested After Attempt to Access UK Nuclear Submarine Base
Deregulation, Artificial Intelligence, and Fraud Laws Reshape UK Financial Services Landscape
×