BORIS Johnson will top up his cost of living bailout – but warned ministers must “get off the crack cocaine of spending”.
In his strongest intervention yet, the PM said there will be “more support” to help families hit by crippling price rises.
But he dodged questions over growing rumours he will order an emergency budget to order tax cuts or benefits rises.
And he warned an emergency cost of living Cabinet meeting on Tuesday that he will not keep writing cheques which saddle Britain with eye-watering debt.
One attendee at the meeting told Trending In The News: “The PM is clear we have to get off the crack cocaine of spending.”
Dire warnings that inflation will bust 10 per cent and the tanking economy will be sliding into recession by Christmas have shocked the nation.
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And there is Cabinet concern that anything beyond a massive Covid-style cash intervention will be dismissed as “tinkering”.
One minister told Trending In The News: “Short of a fiscal rocket we are just d**king around on the edges but there is no way to pay for that.”
The PM has already given a £350 energy bills bailout of loans and grants to families.
In a press conference in Finland, he said more cash will be on the way.
He said: “All the money we are already spending – there will be more of course, there will be more support in the months ahead as things continue to be tough with the increase in the energy prices.”
Britain must use the same “maximum energy effort” and “ingenuity” to help the nation through this crisis as we did for Covid, he added.
Bojo and his Cabinet are upping sticks and heading to Stoke on Trent – the “beating heart” of the ceramics industry – today to hold more talks on the crisis.
All Whitehall departments have been put on a war footing to blitz waste and come up with ideas to ease the spiralling cost of living.
Ideas being batted around include slashing tariffs, allowing childminders to look after more kids, and cutting the need for a car to have an MOT from every year to every two years.
But – as Trending In The News revealed earlier this week – Boris has privately hinted that he is weighing up going bigger and cutting taxes.
Senior Tory Jake Berry said the PM is “showing more than a bit of ankle” on tax cutting.
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Cabinet minister Michael Gove also hinted that benefits could be whacked up to keep pace with eye-watering inflation.
He said ministers are “looking hard” at the plan.
