After surviving a grievously wounded domestic sigh of relief and losing the confidence of 41% of MPs, Boris Johnson plans to strengthen his leadership with the announcement of flamboyant measures to help the British, who are overwhelmed by the rising cost of living. Thursday black poolIn the northwest of England, the prime minister promised “to sleep” access buying homes for millions of low-income citizens, social assistance recipients. It’s an old idea Margaret Thatcher which he put into practice in his own time and used by conservatives from time to time.
Johnson announced a “comprehensive review” of the mortgage market to make it easier for social housing tenants with very few deposits to get mortgages. “We need a lot more mortgages at 95 percent”, He claimed. Getting one is “an incredibly difficult thing for a lot of people in this country. It doesn’t have to be this way”.
Most of the potential buyers form part of the sector of the population, with the greatest difficulties on a day-to-day basis, just to be able to buy food or pay the electricity bill. Housing charities, aware of the problems on the ground, criticized the plan as it would severely cut back on already inadequate low-cost accommodation.
stagnant economy
The government assured Johnson that he was trying to lower the price of transport, food or childcare. “We are facing global price pressures caused by the lasting effects of Covid and the impact of Putin’s aggression in Ukraine, but we will overcome,” he added. Again promised tax reliefsomething that deeply disturbs a good portion of conservative lawmakers, even though his government has increased them.
this Organization for Economic Co-operation and Development (OECD) British economy growth this week will plateau next year and be the lowest among developed countries, Leaving Russia aside. With inflation currently at 9% and expected to rise further, Johnson argued that a rise in wages trying to match prices would trigger an economic crisis. “When does this start? wage-price spiral, l“The only way to curb rising prices is higher interest rates,” he said.
Railroad workers are preparing for a multi-day strike later this month, in part because of wage demands.