London Daily

Focus on the big picture.
Thursday, Feb 26, 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
US Lawmakers Seek Briefing from UK Over Reported Encryption Order Directed at Apple
UK Business Secretary Calls on EU to Remove Trade Barriers Hindering Growth
Legal Pathways for Removing Prince Andrew from Britain’s Line of Succession Examined
PM Netanyahu welcome India PM Narendra Modi to Israel
Shadow Diplomacy: How Harry and Meghan’s Jordan Trip Undermines the Monarchy
Sir Jim Ratcliffe, co-owner of Manchester United, comments on immigration in the UK.
Bill Gates, the UN and the WEF are attempting to construct "a giant digital gulag for all of humanity" via digital ID, CBDCs and vaccine passport infrastructure.
Britain’s Channel Crisis: Paying Billions While the Boats Keep Coming
Downing Street’s Veteran Deception Scandal
UK HealthCare Expands ‘Food as Health’ Initiative Statewide to Tackle Chronic Illness in Kentucky
Leonardo Chief Says UK Set to Decide on New Medium Helicopter Programme
UK Slows Chagos Islands Agreement After Concerns Raised in Washington
European and UK Stock Markets Reach Fresh Highs as Banks and Miners Lead Rally
UK Government Insists Chagos Islands Negotiations Continue After Minister’s ‘Pause’ Remark
No Confirmed Deal for Engie to Acquire UK Power Networks Amid Market Speculation
UK Reaffirms Updated Entry Requirements for Travellers as of February 25, 2026
General Atlantic to sell equity stake in ByteDance, valuing the company at $550 billion
German Chancellor Friedrich Merz Secures Pledge from China for Greater Imports of Quality Goods
Lord Mandelson Condemns Arrest as Driven by ‘Baseless Suggestion’ He Would Flee Abroad
Former UK Ambassador Released on Bail Following Arrest in Epstein-Linked Investigation
UK Parliament Orders Release of Former Prince Andrew’s Government Vetting Files
Reddit Fined £14 Million by UK Regulator Over Failures in Age Verification Controls
UK Moves to Tighten Regulation of Netflix, Disney+ and Prime Video Under New Media Rules
British Woman Who Reported Rape in Hong Kong Faces Possible Prosecution
'Christianity is the religion that has made this country great.'
Man Receives Parking Ticket 38 Years After Offense: ‘City Officials Said It’s Legitimate’
Woman Receives Gift Card for Christmas – Discovers It Is ‘Worth’ 63,000,000,000,000,000 Pounds
UK Sanctions New Zealand Insurer Maritime Mutual Following Allegations Over Russian Oil Cover
Reform MP Danny Kruger Condemns UK’s ‘Unregulated Sexual Economy’ in Call for Tougher Controls
The Show Must Go On: Prince William and Kate Middleton Shine at the BAFTAs Amid Andrew’s Arrest
UK Sanctions Russian ‘Illicit Oil Traders’ After Email Blunder Exposes Sanctions Evasion Network
Russia Amplifies Baseless Claims That UK and France Plan to Arm Ukraine with Nuclear Weapons
UK Imposes Sanctions on Two Georgian Television Channels Over Alleged Russian Disinformation
United States National Parks See Noticeable Drop in Visitors from Canada, U.K. and Australia
UK, Australia, Canada and New Zealand Escalate Sanctions on Russia as Ukraine War Marks Four Years
I Gave Andrew a Nude Massage Inside Buckingham Palace
UK Economy Faces Acute Strain as Trump’s Global Tariff Reshapes Trade Landscape
UK Signals Retaliation Is Possible as New US Tariff Policy Threatens Trade Stability
British Police Arrest Former Ambassador Peter Mandelson in Epstein-Related Misconduct Probe
Australia Officially Supports Proposal to Remove Andrew Mountbatten-Windsor from Royal Succession
Victorian Premier Jacinta Allan remains silent on ISIS brides' resettlement plans in Melbourne
Former UK Ambassador Peter Mandelson Arrested in Connection with Jeffrey Epstein
Jacob Rees Mogg afraid to talk about Peter Mandelson arrest on “suspicion of misconduct in a public office” (Pedophilia, corruption, etc.)
United Nations Calls for Global Action Against Disinformation and Hate Speech Online
Tucker Carlson warns of an inevitable clash in Western societies over mass migration
President Trump warns countries against abandoning recent trade deals with the US
Diverging Polls Show Mixed Signals on UK Economic Revival as Confidence Remains Fragile
Spotify Expands AI-Driven ‘Prompted Playlists’ Feature to the United Kingdom and Other Markets
Greens and Reform UK Surge in Manchester By-Election, Threatening Labour’s Historic Stronghold
UK Businesses Push for Closer European Trade Links Amid Renewed US Tariff Uncertainty
×