Questions & Answers
Q1
Partial Answer
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Context
The question follows recent concerns about rising inflation rates that are impacting workers' real wages negatively. Economists have pointed to corporate profiteering as a significant factor in price rises.
What recent steps has the government taken to reduce inflation? The rich and powerful repeatedly blame workers for high inflation despite falling real wages, while leading economists now suggest corporate profiteering is driving prices up. France and Spain are taking action on food prices and rent controls respectively. When will similar measures be introduced in response to corporate profiteering?
We continue constructive dialogue with industry sectors, including meeting supermarket representatives recently. The Chancellor and Treasury officials will have further discussions. Most people recognise common global challenges affecting economies differently.
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Assessment & feedback
The specific ask about targeting corporate profiteering was not directly addressed.
Constructive Dialogue
Different Ways
Response accuracy
Q2
Partial Answer
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Context
The question arises from concerns about rising inflation that is impacting workers' real wages negatively. Leading economists argue that corporate profiteering rather than wage growth is driving price increases.
What steps have been taken to reduce inflation? The wealthy and influential often blame workers for high inflation even though real wages are declining. Economists now claim corporate profiteering is a major driver of prices going up. France has acted on food prices, Spain on rent controls. When will similar measures be implemented here?
We take action through support for Bank of England's Monetary Policy Committee, responsible decisions on tax and spending to avoid adding to inflation pressure, and tackling high energy prices with measures like holding down energy bills while investing in long-term security.
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Assessment & feedback
The specific ask about targeting corporate profiteering was not directly addressed.
Response accuracy