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And, while itвЂ™s not going to be quick or easy, you can be confident that things will get better, that we will emerge from this a strong country with a healthy economy.вЂќ The global headwinds are strong, but our engines are stronger. In his speech, Mr Johnson is set to say: вЂњWe have the tools we need to get on top of rising prices.

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The challenge could be further highlighted if another petrol price hike on Thursday takes the average cost of a full tank for a 55-litre family car to more than ВЈ100 for the first time. вЂњItвЂ™s almost as if Boris Johnson doesnвЂ™t do much benefits casework,вЂќ the Labour MP quipped. Shadow minister Jess Phillips was among those questioning how the housing benefits policy will work because individuals with more than ВЈ16,000 in savings and investments do not qualify for Universal Credit. The plan could, however, differ from Margaret ThatcherвЂ™s original right to buy policy with a possible commitment to ensure every home bought under the scheme would be replaced to ensure the stock is not run down.

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But the newspaper said his separate desire to give millions of tenants the ability to pay for housing association properties at discounts of up to 70% is likely to be limited to a series of pilots for now, without additional Government funding. He will argue that ВЈ30 billion in housing benefit that currently goes towards rent could help people secure and pay for mortgages, according to the Times, which first reported the plan. Speaking in Lancashire, Mr Johnson will commit to detail вЂњreforms to help people cut costs in every area of household expenditureвЂќ over the coming weeks. He will hope the pledges to assist individuals onto the property ladder will please rebel MPs and voters who are facing fresh pressures from the cost-of-living crisis. The Prime Minister is expected to confirm his intentions in a major speech later today (Thursday, June 9) as he seeks to repair his fortunes after a bruising Tory revolt against his leadership. Boris Johnson will set out visions for lower-paid workers in England to be able to use housing benefits to buy their homes and an extension of the right to buy for housing association tenants.