Chancellor responds to May inflation statistics

Chancellor Rishi Sunak responded to the ONS inflation statistics for May 2022.

Chancellor of the Exchequer, Rishi Sunak said: 

“I know that people are worried about the rising cost of living, which is why we have taken targeted action to help families, getting £1,200 to the eight million most vulnerable households.

“We are using all the tools at our disposal to bring inflation down and combat rising prices – we can build a stronger economy through independent monetary policy, responsible fiscal policy which doesn't add to inflationary pressures, and by boosting our long-term productivity and growth."