Prime Minister Boris Johnson has admitted that the public will have to ‘wait a little bit longer’ for a solution to the current cost of living crisis.
As pressure grows on the government, Johnson has faced questioning on what his approach will be to put an end to the current financial issues in the country.
The Tory government have been encouraged to use Labour’s idea of taxing oil and gas companies which have profited after the surge in energy prices.
This money would help to provide a cushion for struggling families who may not be coping well with the soaring costs of household bills.
The Prime Minister spoke on the issue to Sky News. He said: “No option is off the table, let’s be absolutely clear about that. I’m not attracted, intrinsically, to new taxes.
“But as I have said throughout, we have got to do what we can – and we will – to look after people through the aftershocks of COVID, through the current pressures on energy prices that we are seeing post-COVID and with what’s going on in Russia and we are going to put our arms round people, just as we did during the pandemic.”
Inflation in England is at its highest for four decades and Johnson is already working on some policies. He has put in place measures costing £22bn to help counteract the energy bills and council tax rises.
Johnson was asked if any more help will follow these methods.”There’s a continuing stream of effort to shield people,” he said.
“Of course [there will be more help]. This thing is going to go on.
“Everybody can see the increase in energy prices. There is more that we’re going to do. But you’ll just have to wait a little bit longer.”