Regulators in the UK, together with the British Ministry of Finance, have agreed on an action plan to help fight inflation in the country. In this respect writer The Financial Times (FT) newspaper referred to the statement of Jeremy Hunt, the country’s finance minister.
“I am pleased that we have reached an agreement with regulators for urgent action in the areas where consumers need the most support to ensure they are treated fairly,” Hunt said.
The publication noted that special attention will be paid to interest rates paid by depositors. Fuel and product prices will also remain important.
25 June The Guardian newspaper WroteSenior managers of the four major retail chains in the UK were called in for questioning to respond about the sharp rise in prices of some products in stores.
Previously reportedIt was stated that core inflation in the UK domestic market was higher than expected and started to rise in May.