London Daily

Focus on the big picture.
Monday, Jun 22, 2026

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
UK Expands Alcohol Ban Enforcement Using Tagging Technology Ahead of World Cup
UK Invests £50 Million in Critical Minerals Supply Chain Security
UK Appoints Special Envoy on Preventing Sexual Violence in Conflict
UK Introduces Fines for Landlords of Unsafe Rental Properties
Reform UK Leads Opinion Polls as Immigration Debate Reshapes UK Politics
Police Investigate Edinburgh Attacks as Potential Hate Crimes
King Charles to Publish Personal Tax and Royal Household Financial Records
Nottingham University Hospitals Maternity Inquiry Report Set for Publication
Heat-Health Alerts Issued Across London and Southern England Amid Rising Temperatures
UK Economy Shows Pressure From Middle East Conflict Despite Modest Growth
Brexit Anniversary Reignites Debate Over UK Economic and Political Direction
UK Parliament Continues Legislative Work Amid Leadership Transition
Financial Markets Hold Steady After UK Leadership Shake-Up
Andy Burnham Enters Labour Leadership Race With Strong Parliamentary Backing
Keir Starmer Resigns as UK Prime Minister After Two Years in Office
Reform UK MP Lee Anderson to Raise Pension Concerns Over British Coal Staff Superannuation Scheme
UK Parliament to Debate Newborn Screening for Spinal Muscular Atrophy Following Public Petition
Met Office Warns of Water Safety Risks During Heatwave as Temperatures Peak in England
Treasury Increases Mileage Allowance Payments for 2026–27 Tax Year to 55 Pence Per Mile
UK Government Raises Electricity Generator Levy to 55 Percent in New Revenue Measure
House of Lords Moves Financial Services and Markets Bill to Committee Stage Amid Regulatory Scrutiny
Westminster Hall to Debate Petition on Pro-Israel Influence in UK Politics
UK Parliament Prepares for Estimates Days Debates as Backbench Business Schedule Approved
Armed Forces Bill Nears Final Stages in UK House of Commons With Military Justice Reforms
Donald Trump Comments on UK Political Situation, Citing Immigration and Energy Policy Concerns
Andy Burnham By-Election Victory Fuels Speculation Over Potential Labour Leadership Contest
UK Economy Shows Resilience but Faces Headwinds from Middle East Tensions, UK Finance Says
UK Parliament Opens Week of Debates on Net Zero, Security and Armed Forces Reform
Met Office Issues Amber Extreme Heat Warning as Temperatures Expected to Reach 35C Across England and Wales
Prime Minister Keir Starmer Faces Mounting Leadership Pressure After Makerfield By-Election Defeat
London Hotel Wins World’s Best Afternoon Tea Award at International Hospitality Guide La Liste
Court of Appeal Rules in Favour of Competition and Markets Authority in Phenytoin Drug Case
Chichester Waste Site Suspended After Environment Agency Finds Serious Fire and Pollution Risks
UK Appoints Chris Elmore as Special Envoy on Preventing Sexual Violence in Conflict
Environment Agency Fines Yorkshire Firms Nearly £470,000 for Environmental Permit Breaches
British Chambers of Commerce Says Post-Brexit Trade Deals Have Limited Economic Impact
Resident Doctors to Vote on Government Pay Offer in Ongoing NHS Dispute
UK Public Borrowing Reaches £46.3 Billion in Early Fiscal Year, Driven by Debt Interest Costs
UK Government Unveils £100 Million Package to Strengthen Fire and Rescue Response Capacity
Bank of England Holds Interest Rates at 3.75 Percent Despite Easing Inflation
Met Office Extends Amber Heat Warning as Temperatures Forecast to Reach 38C Across Southern England
Prime Minister Keir Starmer Expected to Resign Amid Mounting Labour Party Pressure
UK Government Tightens Procurement Rules to Prioritise National Security and Supply Chain Resilience
National Drought Group Reviews Water Supply Risks After Dry Spring and Ongoing Heatwave
Andy Burnham Faces Leadership Speculation After Weak Local Election Results for Labour
Charity Commission Appoints Interim Managers to Barnabas Aid Amid Financial Investigation
Government Awards £27 Million Leonardo UK Contract to Maintain Military Aircraft Fleet
Environment Agency Suspends Chichester Waste Site Permit Over Fire and Pollution Risks
Border Force Seizes Record Cannabis Shipment in Major UK Criminal Network Disruption
Lloyds Banking Group to Hire 300 Artificial Intelligence Specialists in Digital Expansion Push
×