Boris Johnson promises to 'fix' cost of living crisis hours after Rishi Sunak slammed

manchestereveningnews.co.uk:

Boris Johnson has admitted the government needs "to do more" to tackle the growing cost of living crisis plaguing the UK.

It comes after Chancellor Rishi Sunak received a wave of criticism for failing to go far enough to protect living standards in the spring statement which was announced in the House of Commons on Wednesday. The Prime Minister noted how the cost of living crisis is "the single biggest thing we're having to fix."

The Office for Budget Responsibility warned that living standards face their biggest fall in a single year since records began in the mid-1950s. The Resolution Foundation think tank warned that 1.3 million people - including 500,000 children - will be pushed into absolute poverty as soaring inflation outstrips increases in pay and benefits.

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Mr Johnson acknowledged “it will continue to be tough, it will continue to be choppy, but we will get through it and we will look after people throughout”.

Speaking on LBC Radio he noted how “as we go forward, we need to do more” and “the cost of living is the single biggest thing we’re having to fix, and we will fix it”. Mr Sunak also hinted that there more help towards energy bills will be delivered later in the year.

The Resolution Foundation, which focuses on living standards, said the package of measures announced by Mr Sunak on Wednesday will do little to ease the impact of inflation, which is forecast to hit a 40-year high. Average working-age household incomes are set to fall by 4% in real-terms in 2022-23, a loss of £1,100, while the largest falls will be among the poorest quarter of households where incomes are set to fall by 6%, the think tank said.

It warned the lack of support