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Chancellor Nadhim Zahawi is working to tackle the cost of living crisis

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News Politics: In a conference call with 50 MPs, he said there is a need to be “a bit more dynamic” in the way long-term planning is carried out.

Mr Zahawi said the Treasury is still working on a raft of proposals that could be adopted by the next Prime Minister.

But he said the challenges are Europe-wide and it is “vital” that Russian President Vladimir Putin is not allowed to use energy “as a weapon to divide us”.

Labour is demanding parliament is recalled early in order to tackle soaring energy bills.

Shadow Commons leader Thangam Debbonaire wrote to Prime Minister Boris Johnson saying action was urgent.

She said: “Against the backdrop of a rise in inflation to 10.1%, this won’t just send households into a further spiral of worry, pushing them to cut back even further ahead of the winter. But it will create another shock for our economy. With businesses and households on the brink, we cannot wait to act.” A Government spokesman said: “The Government is continuing to focus on delivering for the public.”

“While fiscal decisions for the coming months will be for the next prime minister, we are continuing to support people.”

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