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British finance minister says he will help where possible with cost of living
The Zawya news website reported, citing Reuters, British finance minister Rishi Sunak on Sunday said he would help where possible with a cost-of-living squeeze but warned tough economic times would be exacerbated by the Ukraine crisis and sanctions on Russia.
Sunak told Sky News, ahead of a half-yearly budget update on Wednesday: "The actions and steps we're taking to sanction Russia are not cost-free for us here at home."
Energy price cap in UK to increase by half from April
He said: "I can't pretend that it's going to be easy, that government can solve every challenge, or that I can completely protect people against some of the difficult times ahead, but what I can say is where we can make a difference, of course we will."
Source: zawya
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