London Daily

Focus on the big picture.
Sunday, Oct 12, 2025

Johnson accused of allowing ‘summer of drift’ amid cost of living crisis

Johnson accused of allowing ‘summer of drift’ amid cost of living crisis

Business leaders urge PM to act as No 10 says there are no plans to address crisis until next Tory leader is voted in

Boris Johnson has been accused by business leaders of allowing a “summer of drift” to take hold, after he ruled out new cost of living measures until a new prime minister is in place.

The prime minister’s official spokesperson said there were no plans for a Cobra meeting to address the cost of living crisis, and it would be for either Liz Truss or Rishi Sunak to work out a plan for dealing with the economic situation when the new prime minister is in post in a month’s time.

Downing Street said the “bigger challenges” for family budgets “are coming towards the end of the year” and this would be a matter for either Truss or Sunak to decide whether to take action to help.

However, the CBI, Britain’s biggest business group, called on the prime minister to take immediate action, bringing together the leadership candidates to agree a way forward to support struggling households.

Tony Danker, the CBI director general, urged Johnson to direct the cabinet secretary to prepare a package of choices that can be proposed to the leadership candidates now on how to support the most vulnerable people and firms through the autumn and winter, and to keep making the decisions and delivering to help build business confidence over the next four weeks.

“The economic situation people and businesses are facing requires all hands to the pump this summer. We simply cannot afford a summer of government inactivity while the leadership contest plays out followed by a slow start from a new prime minister and cabinet,” Danker said.

Energy bills are due to rise in the autumn and will have potentially trebled since 2019 to £3,600 by January. In addition, families are also facing inflation forecast to rise to up to 13% in October and mortgage bills going up due to the interest rate rise to 1.75%.

Johnson declined the former Labour prime minister Gordon Brown’s suggestion of a cost of living summit between No 10, Truss and Sunak as he returned from a holiday in Slovenia. No 10 refused to say who had paid for the prime minister’s break.

The spokesperson said Johnson was due to speak to Nadhim Zahawi, the chancellor, later this week to make sure support coming later this year was “on track”, but insisted it would be inappropriate for him to take on major financial challenges.

“Clearly these global pressures mean challenging times for the public. The government recognised that the end of the year will present wider challenges with things like changes to the [energy] price cap,” the spokesperson said.

“That is why, at the start of the summer, we introduced a number of measures to help the public. Clearly some of the global pressures have increased since that was announced.

“By convention it is not for this prime minister to make major fiscal interventions during this period. It will be for a future prime minister.”

The government’s energy bills support scheme provides a £400 discount on bills spread over six months from October for every household, a £650 means-tested one-off payment to 8 million low-income households, £150 for those on disability benefits and £300 for pensioners. This was designed when the forecast for the October price cap was £2,800.

However, it is now forecast to rise to £3,600 by January, leaving many families wondering how they will cope.

Rachel Reeves, the shadow chancellor, said: “People are worried sick about how they’ll pay their bills and do their weekly food shop, and all this Tory prime minister does is shrug his shoulders. An economic crisis like this requires strong leadership and urgent action – but instead we have a Tory party that’s lost control and are stuck with two continuity candidates who can only offer more of the same.

“Labour would start by scrapping tax breaks on oil and gas producers and providing more help to people who are struggling to pay their energy bills. Only a Labour government can tackle this crisis and deliver the stronger, more-secure economy that Britain needs.”

Newsletter

Related Articles

0:00
0:00
Close
California County Reinstates Mask Mandate in Health Facilities as Respiratory Illness Risk Rises
Israel and Hamas Agree to First Phase of Trump-Brokered Gaza Truce, Hostages to Be Freed
French Political Turmoil Elevates Marine Le Pen as Rassemblement National Poised for Power
China Unveils Sweeping Rare Earth Export Controls to Shield ‘National Security’
The Davos Set in Decline: Why the World Economic Forum’s Power Must Be Challenged
France: Less Than a Month After His Appointment, the New French Prime Minister Resigns
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
Sarah Mullally Becomes First Woman Appointed Archbishop of Canterbury
Mayor in western Germany in intensive care after stabbing
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
US Prosecutors Gained Legal Approval to Hack Telegram Servers
Macron Faces Intensifying Pressure to Resign or Trigger New Elections Amid France’s Political Turmoil
Standard Chartered Names Roberto Hoornweg as Sole Head of Corporate & Investment Banking
UK Asylum Housing Firm Faces Backlash Over £187 Million Profits and Poor Living Conditions
UK Police Crack Major Gang in Smuggling of up to 40,000 Stolen Phones to China
BYD’s UK Sales Soar Nearly Nine-Fold, Making Britain Its Biggest Market Outside China
Trump Proposes Farm Bailout from Tariff Revenues Amid Backlash from Other Industries
FIFA Accuses Malaysia of Forging Citizenship Documents, Suspends Seven Footballers
Latvia to Bar Tourist and Occasional Buses to Russia and Belarus Until 2026
A Dollar Coin Featuring Trump’s Portrait Expected to Be Issued Next Year
Australia Orders X to Block Murder Videos, Citing Online Safety and Public Exposure
Three Scientists Awarded Nobel Prize in Medicine for Discovery of Immune Self-Tolerance Mechanism
OpenAI and AMD Forge Landmark AI-Chip Alliance with Equity Option
Munich Airport Reopens After Second Drone Shutdown
France Names New Government Amid Political Crisis
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
Surge of U.S. Billionaires Transforms London’s Peninsula Apartments into Ultra-Luxury Stronghold
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Jeff Bezos Calls AI Surge a ‘Good’ Bubble, Urges Focus on Lasting Innovation
Japan’s Ruling Party Chooses Sanae Takaichi, Clearing Path to First Female Prime Minister
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Taylor Swift’s ‘Showgirl’ Launch Extends Billion-Dollar Empire
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
×