“This is the number one problem we are facing.
Every inflation forecast over the past year has been wrong,” he said in an interview with The Times.
According to him, the inflation rate in the country has always been higher than the people of Britain were told about it.
He urged the British to take the issue seriously.
In addition, Sunak called a stable currency a core conservative value.
“If we don’t support this, then I don’t know what the point of the Conservative Party is then,” the politician stressed.
Earlier, The Telegraph reported that one of the largest nitrogen fertilizer plants in the UK, Ince, located in the suburbs of Chester, was closed due to high energy prices.
The closure of a business is highly likely to disrupt food supply chains in the UK.
PhD in Economics Yevgeny Ivanov, in an interview with the FBA "Economy Today" spoke about the consequences of sanctions for the UK.