Stained by the Partying on His Watch, Beaten Down in Polls, Now Boris Johnson Wrestles With Stagflation
Chancellor Rishi Sunak expected to set out support package Thursday as government seeks to shield voters from surge in prices
Boris Johnson’s government will set out fresh support for Britons struggling with a record squeeze on living standards on Thursday, seeking to move on from a damning report into illegal parties in Downing Street and confront a cost-of-living crisis that may eventually prove more threatening to his political future.
Chancellor of the Exchequer Rishi Sunak will reveal a comprehensive response to help households facing soaring bills, a Conservative Party official said, speaking on condition of anonymity. Sunak’s offer, which will be partly funded by a windfall tax on the profits of oil and gas companies, won’t be a one-off and there is more support in the works, the person said. The Treasury declined to comment on Sunak’s expected announcement.