Food: Prices
The question
To ask the Chancellor of the Exchequer, what fiscal steps she is taking to help support businesses affected by food inflation.
Answered by Lucy Rigby
The Government prioritises sound public finances, which are essential to economic and financial stability, and delivering economic growth. We are living within our means, reducing our levels of borrowing in the years ahead and supporting the Bank of England to get inflation down. We have already made progress towards this, with five interest rate cuts delivered this since the election.
The Chancellor has asked departments to prioritise reducing inflation when developing policies for the Autumn Budget, ensuring decisions continue to support stability and long-term growth.
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