Boris Johnson press conference on cost of living crisis

The transcript discusses the development of areas like Barking Riverside and the Thames Gateway, emphasizing the importance of transport infrastructure, such as Crossrail, in making these areas economically viable for developers. It highlights a £650 billion investment in infrastructure, skills, and technology to support housing development without encroaching on the green belt. The transcript also touches on the need for fuel duty cuts to benefit consumers rather than fuel companies, stressing the importance of responsible corporate behavior.

What is a major challenge for developers in areas like Barking Riverside?

• High land prices

• Lack of transport infrastructure

• Environmental regulations

• Shortage of skilled labor

How does Crossrail contribute to urban development?

• By reducing construction costs

• By providing new transport links

• By increasing land prices

• By offering tax incentives

What is the total investment mentioned for infrastructure, skills, and technology?

• £650 billion

• £700 billion

• £600 billion

• £500 billion

What is the expected outcome of the fuel duty cuts?

• Increased government revenue

• Higher fuel prices

• Lower prices at the pump

• More profits for fuel companies

What is the concern regarding fuel companies and tax cuts?

• Fuel companies might increase prices

• Fuel companies might not pass on savings

• Fuel companies might reduce production

• Fuel companies might face bankruptcy