Rishi Sunak rules out emergency Budget to ease cost-of-living crisis
Boris Johnson had hinted at possible measures to tackle the squeeze, insisting he and the Chancellor would have "more to say" in the "days to come"
Rishi Sunak has ruled out the prospect of an emergency Budget amid the cost-of-living crisis after coming under fire for a perceived lack of action in the Queen's Speech.
Boris Johnson had hinted at possible measures to tackle the squeeze, insisting he and the Chancellor would have "more to say" in the "days to come".
The Treasury has dispelled the remark, saying they are unsure where energy bills will "land" in October and played down the idea of an emergency Budget.
A Government aide told the Daily Mail that the PM seemed to have been "freelancing" with his remarks.
Last month, Mr Sunak told Mumsnet that he would need to see how far fuel prices go up before considering new measures.
He said: "Depending on what happens to bills then, of course, if we need to act and provide support for people, we will," he told Mumsnet at the time.
"But it would be silly to do that now or last month or the month before when we don't know exactly what the situation in the autumn will be."
Mr Johnson is facing increased pressure over the Government's course of action as inflation rises towards 10 percent.
The Prime Minister used the Queen’s Speech, delivered for the first time by the Prince of Wales, to set out plans for changes to create a “high-wage, high-skill” economy, claiming the Government’s programme would “build the foundations for decades of prosperity”.
But charities, campaigners and opposition politicians criticised the lack of any short-term measures to help people faced with soaring costs in their day-to-day lives.
The Prime Minister hinted at future help, using the “fiscal firepower” of the Government.
“We will continue to use all our ingenuity and compassion for as long as it takes,” he told MPs.
“The Chancellor and I will be saying more about this in the days to come.”
Any extra intervention to help with the current strain on household budgets will not be arriving in the next few days, a Downing Street source told the PA news agency.
The Treasury, asked about the Prime Minister’s comments, pointed to the Chancellor saying on Monday that there would be “better clarity on what energy prices will be in the autumn” and how to respond.