Boris Johnson snubbed by EU state with official visit cancellation – ‘No time for you’ | Politics | News

“This week is the key week,” Mr Brown told LBC Radio, saying the government should be working with the two leadership contenders, before energy bills rise by an expected 70 percent in October.

Nicola Sturgeon, Scotland’s First Minister, told Mr Johnson in a letter that the “paralysis” had to stop now.

The blue-chip business lobby group the Confederation of British Industry said the new government would need a plan in place for when it takes over.

“We simply cannot afford a summer of government inactivity while the leadership contest plays out,” Director General Tony Danker said.

The scale of the economic hit facing Britain was laid out by the Bank of England on Thursday, when it raised interest rates by the most in 27 years to tackle inflation that is on track to top 13%, even as it warned of a long recession.

Energy regulator Ofgem will publish its next price cap on August 26, with average household prices expected to rise from £1,277 at the start of this year to around £3,400 in October, and rise again in January.

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