Cost of Living Increase: Impact on Households

Part of Treasury – in the House of Commons on 15th March 2022.

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Photo of Rishi Sunak Rishi Sunak The Chancellor of the Exchequer

I am grateful to my right hon. Friend for his suggestions, and of course I will bear them in mind. He is right about the rising cost of fuel at the pumps, although I am pleased to see that over the last few days, the price of Brent has fallen by about 25%, illustrating the volatility of the situation.