Companies must help cut living costs, says new cost of living tsar

Asked what areas Mr Buttress would work on, his new bosses at the Cabinet Office highlighted “price locking” campaigns by retailers Asda, Sainsbury’s and Boots, where the price of staple items are cut and kept in place for a limited period, as an example of what the private sector is already doing to help.

Recent Posts

Pound rises ahead of expected Johnson resignation

Kitty Ussher, chief economist at the Institute of Directors, the UK employers' group, said: "What business hates most is uncertainty and instability, which heightens the sense of external risk. Having said that, we recognise that this is an issue for the Conservative...

read more

Will Nadhim Zahawi change tack on the economy?

He acknowledged both he and the prime minister wanted a "low-tax, high-growth economy, and world class public services", but Mr Sunak said this could only be "responsibly delivered if we are prepared to work hard, make sacrifices and take difficult decisions".

read more