Both Boris Johnson and his chancellor Nadhim Zahawi are away on holiday as the Bank of England hiked interest rates for 27 years and warned of the longest recession since the financial crisis
"I never had that in the private sector, nor in government. Ask any entrepreneur and they can tell you that.
Downing Street would not give details of where the prime minister would be spending the period of annual leave, until the end of the week, and insisted he would still be running the country. "Addressing the cost of living is a top priority and we have been taking action to support people through these tough times with our £37bn package of help for households, which includes direct payments of £1,200 to the most vulnerable families and a £400 discount on energy bills for everyone.
The Treasury later released a readout of a call Mr Zahawi had with the governor of the Bank of England on Thursday afternoon which said the two discussed the actions they are taking to combat high inflation and overcome the economic challenges the country faces.
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