The UK government has unveiled a new inflation action plan, the Financial Times reported. The action plan was developed by the UK Treasury in cooperation with the Bank of England due to the looming threat of a new sharp price upsurge. “I am pleased we’ve secured agreement with the regulators to act urgently in areas where consumers need most support to ensure they are treated fairly,” Chancellor of the Exchequer Jeremy Hunt said. According to the Financial Times, the UK authorities will focus on loan interest rates paid by customers, as well as fuel and food prices.
Earlier, Jeremy Hunt said that the Treasury had enacted tough decisions to combat inflation, which he called “the number one enemy that makes everyone poorer.”
