🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

UK PM Boris Johnson to discuss cost of living support with business leaders

Published 07/20/2022, 05:31 PM
Updated 07/20/2022, 06:01 PM
© Reuters. British Prime Minister Boris Johnson walks outside Downing Street in London, Britain, July 20, 2022. REUTERS/Henry Nicholls
AMZN
-
VOD
-
CPYYY
-

LONDON (Reuters) - British Prime Minister Boris Johnson will meet with senior business leaders on Thursday to discuss what more can be done to help families struggling with the rising cost of living, his office said.

Official data released on Wednesday showed surging petrol and food prices last month pushed British inflation to its highest rate in 40 years, with annual consumer price inflation hitting 9.4% in June.

The government said several businesses had already agreed deals and discounts to help families over the school summer holiday period, including free or low cost meals for children in some supermarket cafes.

© Reuters. British Prime Minister Boris Johnson walks outside Downing Street in London, Britain, July 20, 2022. REUTERS/Henry Nicholls

Last month, the government appointed former Just Eat chief executive David Buttress to work with the private sector to identify, develop and promote new and existing initiatives such as discounted prices or product offers.

Thursday's meeting with Johnson and Buttress is likely to include representatives from Sainsbury's, Vodafone (NASDAQ:VOD), Amazon (NASDAQ:AMZN) and Centrica (OTC:CPYYY), the government said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.