Chancellor response to January inflation statistics

The Chancellor responded to the ONS consumer price inflation statistics for January 2022.

Chancellor of the Exchequer, Rishi Sunak said:

 “We understand the pressures people are facing with the cost of living. These are global challenges, but we have listened to people’s concerns and recently stepped in to provide millions of households with up to £350 to help with rising energy bills.

“We’re also helping people on the lowest incomes keep more of what they earn by cutting the Universal Credit taper rate, and freezing alcohol and fuel duties to keep costs down. In total we’re providing support with the cost of living worth over £20 billion across this financial year and next.”