Inflation

(asked on 23rd June 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what fiscal steps he is taking to help tackle inflation.


Answered by
Andrew Griffith Portrait
Andrew Griffith
Shadow Secretary of State for Business and Trade
This question was answered on 29th June 2023

The fiscal steps that are being taken to tackle inflation have been set out in the recent open letter from the Chancellor of the Exchequer to the Governor of the Bank of England.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1164809/Chancellor_Open_CPI_Letter_-_June_2023.pdf

Further, active policy decisions that reduce inflation this year, including extending the Energy Price Guarantee and maintaining the 5p cut in fuel duty, were set out at Spring Budget 2023.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1144441/Web_accessible_Budget_2023.pdf

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