Boris Johnson looks likely to survive the publication of senior civil servant Sue Gray's report on parties in Downing Street, which, he says, vindicates him and shows that he didn’t lie to Parliament.

There is a significant degree of ambiguity in the report, given that the leader of the opposition believes that the opposite is true and Johnson should resign to spare his Party any further embarrassment.

It is likely that Johnson will sign off on plans to support the lowest paid families who are struggling as the cost of living continues to soar.

The Chancellor is expected to act in the next few days to provide support with energy bills in particular as the announcement of a further hike in the domestic energy price cap in October will be confirmed. The cap was raised to just below £2,000 last month and will rise again to around £2,800 in October.

The economy is slowly grinding to a halt following the release of data on activity in the economy earlier this week. Fears are returning that the economy could face a period of stagflation and may actually already be experiencing it as inflation has reached 9% while data is predicting the beginning of a contraction.

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