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BoJo dealing with living expenses triggered by OECD predicting UK zero-net growth

https://sputniknews.com/20220609/bojo-to-address-cost-of-living-in-wake-of-oecd-predicting-zero-net-growth-for-britain-1096142029.html

BoJo dealing with living expenses triggered by OECD predicting UK zero-net growth

BoJo dealing with living expenses triggered by OECD predicting UK zero-net growth

In late May, E.ON UK, the UK’s largest energy and renewable energy supplier, warned that at least 40% of local households would live on fuel … 09.06.2022, Sputnik International.

2022-06-09T06: 03 + 0000

2022-06-09T06: 03 + 0000

2022-06-09T06: 03 + 0000

England

Boris Johnson

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Economy

Fuel price

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British Prime Minister Boris Johnson will give a speech Thursday and will focus on housing and living expenses as he seeks to “reset” the Prime Minister following the survival of the distrust vote on June 6. Johnson, announced by Downing Street, according to a speech excerpt, in particular vows to use the government’s “financial firepower” to support British homes, but continues to pledge a broader cost-cutting policy. Let’s go. The message comes after the Organization for Economic Co-operation and Development (OECD) suggested that the UK economy could stagnate next year as UK gasoline prices hit record highs. The semi-annual economic outlook shows that the UK’s living cost crisis as a major international think tank has dropped the UK’s table in the International Growth League will make Britain the weakest economy in the G7 group of major industrialized nations in 2023. Insist. According to data company Experian Catalyst, ecast soared to 178.5p for the first time following the average price of 1 liter of gasoline in the UK. The price of diesel has also reached a record high of 185.2p per liter. Simon Williams, a spokesman for the Royal Automobile Council (RAC) in the United Kingdom, warned that the rise in oil costs due to the conflict in Ukraine would “worse”. .. On February 24, Russia launched a special operation to demilitarize and de-nazifi Ukraine in response to a request for assistance from the Republic of Donbus, which requested Moscow to protect Moscow from Kyiv’s provocation.Further reductions in fuel tax or VAT [value added tax] Williams responded to Michael Lewis, CEO of energy company E.ONUK. He said late last month that 40% of UK households needed to “increase government intervention” to prevent fuel poverty this fall. Fuel poverty is a term used to describe households that must spend at least 10% of their disposable income on household energy to maintain adequate warmth standards. Lewis said that rising energy prices “mainly” disrupted the energy supply from Russia, and the ongoing Ukrainian conflict “has seen prices rise at this rate for my thirty years in the energy industry. No, “he added. OECD’s harsh forecasts for the UK economy and soaring national fuel prices have “double-hit” attempts to “reset” Prime Minister Boris Johnson after his survival, distrust Monday The resolution was made with a narrower margin of 211 to 148 than expected. The newspaper also bans BoJo following Johnson’s further scandal in the summer and his survival in a distrust resolution. Rebel lawmakers reportedly could lead to a situation where a new scandal could change the rules that protect Johnson from another distrust resolution and allow him to resign. I believe there is. 20 Tory lawmakers are considering the possibility of rapid government reform, including whether the process will begin within a few days. However, Johnson’s reporter’s secretary now claims that his ministerial team has “no plans” for a shake-up, and that former Foreign Minister Jeremy was lining up to replace Prime Minister Rishi Sunak, who flatly denied it. “There are no vacancies in this role,” he told reporters. […] We will stop delivering to the British people, “he added.

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UK, Boris Johnson, Government, Economy, Fuel Prices

In late May, UK’s largest energy and renewable energy supplier, E.ON UK, said at least 40% of local households this fall without “very substantial” government intervention. Warned that it would suffer from fuel poverty.

British Prime Minister Boris Johnson He is reportedly trying to “reset” the premiership following the June 6th survival of the distrust resolution, so he will give a speech Thursday to focus on housing and living expenses.

According to an excerpt from a speech released by Downing Street, Johnson specifically vows to use the government’s “fiscal firepower” to support UK households, but will continue its broader commitment to cost-cutting policies. ..

The message will come later Organization for Economic Co-operation and Development The (OECD) has suggested that the UK economy could stagnate next year as UK gasoline prices hit record highs.

In the semi-annual economic outlook, major international think tanks picked the UK’s living cost crisis as the reason Britain fell down the table in the International Growth League, arguing that in 2023 the UK would be the weakest economy in the G7. A group of major industrialized countries.

Inflation in the UK has already reached its 40-year high of 9%, and the OECD has warned that this number will peak above 10% later this year. According to think tanks, the UK economy will grow 3.6% in 2022 and reach zero growth in 2023.

According to data company Experian Catalyst, forecasts show that the average price of 1 liter of gasoline in the UK has skyrocketed to 178.5p for the first time. The price of diesel also reached a record high of 185.2p per liter.

Simon Williams, a spokesman for the Royal Automobile Council (RAC) in the United Kingdom, warned that “it would be worse” due to rising oil costs due to the conflict in Ukraine. On February 24, Russia launched a special operation to demilitarize and denify Ukraine in response to a request for assistance from the Republic of Donbus, which requested Moscow to protect them from the provocation of Kieu.

“Unfortunately, the average price of gasoline is expected. [in the UK] This week we’ve broken the 180p mark and diesel is moving further towards 190p, “Williams pointed out.

He emphasized that: “There is an urgent need for more radical government intervention, whether it is in the form of further fuel tax or VAT reductions. [value added tax] Cut “.

Williams said at the end of last month that 40% of UK households need to “increase government intervention” to prevent fuel poverty, Michael Lewis, CEO of energy company E.ONUK. It echoed in.

A handout photo released by the British Parliament shows that British Prime Minister Boris Johnson has issued a statement on May 26, 2022 about the cost of a life crisis at the House of Commons by British Finance Minister Rishi Sunak. Yes-Sputnik International, 1920, 29.05. 2022

“Tinpot Despot”: Boris Johnson accuses Sue Gray of pressure to change her “Partygate” report

Fuel poverty is a term used to describe households that must spend at least 10% of their disposable income on household energy in order to maintain adequate warmth standards.

Lewis argues that the rise in energy prices is “mainly” due to the ongoing Ukrainian conflict, disrupting the energy supply from Russia, and “price rises at this rate for 30 years in the energy industry. I’ve never seen it do, “he added.

BoJo reportedly wants a cabinet reshuffle after surviving the distrust resolution

Meanwhile, the Guardian said the OECD’s harsh forecasts for the British economy and soaring national fuel prices were allegedly “reset” after Prime Minister Boris Johnson survived Monday’s confidence vote. It claims to have given a “heavy blow”. Margins narrower than expected from 211 to 148.

The newspaper also claims that Johnson will “blow himself up” in a further scandal in the summer as Johnson is ready to pursue efforts to expel Bojo following the survival of the distrust resolution. I quoted the power of Congressman Tory. Rebel lawmakers believe that the possibility of a new scandal could lead to a situation where Johnson could be forced into a distrust resolution by changing the rules that protect him from another distrust resolution. It is reported that it is.

The telegraph reported on Wednesday that the Prime Minister and a group of about 20 Tory lawmakers are considering the possibility of a swift remodeling of the government, including whether the process will begin within a few days.

However, a Johnson spokesman argued that his ministerial team’s shake-up was “currently unplanned,” and flatly denied allegations that former Foreign Minister Jeremy was lined up to replace him. Prime Minister Rishi Sunak, Tells reporters: “There are no vacancies in this role.”

At a PMQ event, BoJo claimed that his premiere was “almost unstarted” and “caught political opponents everywhere” as the government had achieved “very big and very noteworthy.” I insisted.

“Absolutely nothing, nobody […] We will stop delivering to the British people, “he added.

https://sputniknews.com/20220609/bojo-to-address-cost-of-living-in-wake-of-oecd-predicting-zero-net-growth-for-britain-1096142029.html BoJo dealing with living expenses triggered by OECD predicting UK zero-net growth

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