"Cases of the Omicron variant of coronavirus continue to cause concern that the NHS is going to be overwhelmed, while the number of people self-isolating remains a threat to the economy.

Health Secretary Sajid Javid spoke over the weekend of his belief that the peak of infections may have been reached in London, although he expects that in the rest of the country cases will continue to rise.

It is still likely to be a few weeks before Javid’s hopes can be confirmed, while the next cab off the rank as far as issues facing the Government is concerned will be the continued rise in the wholesale price of gas and its effect on the cost of living.

Boris Johnson is already under pressure to approve a reduction in the level of VAT charged on household energy bills while suggestions are being made that the large energy companies are charged a green tax on their profits.

With inflation unlikely to fall back to anywhere close to the Government's target and the bank of England already committed to a cycle of interest rate increases, household bills are expected to rise sharply in the coming year while disposable income is hit by increases in taxation.

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