Open

Latest news

Explore insightful perspectives and expert advice on finance

Home |Latest news |Prime Minister must act now on cost of living, warns CBI

Latest news

Browse by category
Business News

Prime Minister must act now on cost of living, warns CBI

August 10 2022

Prime Minister Boris Johnson must act immediately in order to help his successor manage the cost-of-living crisis, the Confederation of British Industry (CBI) has warned.

The CBI says the Prime Minister must bring together both leadership candidates in the next two weeks to agree a way forward to support people and businesses with energy bills once the Ofgem price cap is announced on 26 August.

This would allow the current Prime Minister to issue reassurances that people will be significantly supported without having to wait until 5 September or later.

They must also put the Office for Budget Responsibility (OBR) on official notice that an emergency Budget is likely in September, and they must prepare their forecast immediately.

The Prime Minister should also prepare a package of choices that can be proposed to the leadership candidates now on how to support the most vulnerable people and firms through the autumn and winter.

Tony Danker, CBI Director General, said: 'The economic situation people and businesses are facing requires all hands to the pump this summer.

'Crucially, there is going to be a great deal of worry for many over how they will pay their energy bills after the next price cap. That means the Prime Minister and the candidates should come together to agree a common pledge to support people and help quell fears.'

Here to help

Please complete the form below and our expert team will be in touch.

  • Contact details

    • *
    • *

  • What services are you interested in?

    • *

  • Message

    • *

  • Which location would you like to contact?

  • Communication

    • *Indicates a required fields.†At least one form of contact is required.

      By submitting this form, you agree that Attwoods can process your information in order to respond to your enquiry. For more information visit our Privacy Policy.

Bromsgrove
Bromsgrove

Attwoods is proudly based in the historic market town of Bromsgrove, Worcestershire

  • 182 Worcester Road
  • Bromsgrove
  • Worcestershire
  • B61 7AZ
Call us01527 874170
Learn more about BromsgroveGet in touch
Evesham
Evesham

Attwoods is proudly based in the picturesque town of Evesham, Worcestershire; nestled in the heart of the Vale of Evesham

  • 90-92 High Street
  • Evesham
  • Worcestershire
  • WR11 4EU
Call us01386 424388
Learn more about EveshamGet in touch
Pershore
Pershore

Attwoods is proudly based in the Georgian market town of Pershore, Worcestershire.

  • Perrott House
  • 17 Bridge Street
  • Pershore
  • Worcestershire
  • WR10 1AJ
Call us01386 554870
Learn more about PershoreGet in touch
  • Xero Logo
  • Gold Partner Logo
  • Sage
  • QuickBooks Platinum

The practices of Attwoods are carried on by Attwoods Accountants Limited, Attwoods Business Services Limited, Attwoods (Bromsgrove) Limited. Regulated for a range of investment business activities by the Association of Chartered Certified Accountants.