Healey’s profiteering warning on food and fuel risks row with retailers
UK Chancellor John Healey has warned major retailers against price gouging as the ongoing conflict in the Middle East threatens to drive up inflation. Economic reports suggest that a prolonged closure of the Strait of Hormuz could lead to a significant economic slowdown or recession in the UK.
‘Conflict and uncertainty increases inflation … pushes up costs for businesses and governments alike,’ Healey wrote. ‘Conflict and uncertainty increases inflation … pushes up costs for businesses and governments alike,’ Healey wrote. UK cost of living crisis Healey’s profiteering warning on food and fuel risks row with retailers Chancellor says the government wants to prevent shoppers being ‘taken for a ride’ at the pump or till
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