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. READ MORE: How much National Insurance will you pay this year?
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”.
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