Speaking in Blackpool the Prime Minister has insisted that taxes “must come down” as he understands that “everyone can see and feel the impact on household budgets.”
Boris Johnson said taxes “must come down,” as he can see that families are struggling amid the cost of living.
He said it is now time the government must “stop spending and start cutting taxes and regulation,” he called the current tax burden an “aberration.”
He is encouraging economic growth, not more tax and more spending which is the answer, Johnson believes is the answer to the cost of living crisis.
The Prime Minister said he wants to cut down on the size of the civil service and the government will work to cut prices on food, childcare and transport.
On wages, the Prime Minister said, “If wages continually chase the increase in prices then we risk a wage price spiral such as this country experienced in the 1970s.”
He added, “I am pleased to say that after years of stagnation – more than a decade – wages are going up faster than before the pandemic began and that matters deeply because we are embarking now on a change of direction that has been long overdue in the UK economy we are not going back to the same old broken model with low wages.”
Turning the Russian invasion of Ukraine Johnson warned that gas prices unfortunately will stay high for a “while to come” as there is no “quick fix” amid the ongoing war.
He said it is not an option to stop supporting Ukraine, as that will allow Vladimir Putin to “twist the knife in the wound” and the “crocodile would simply come back for more.”
Johnson insisted that the government will be “on the side of the British public” to help people with the cost of living crisis, and “we will continue to do what we can for as long as it takes.”