Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

UK PM Johnson: Energy support package won't be inflationary

Published 27/05/2022, 12:31
Updated 27/05/2022, 12:35
© Reuters. FILE PHOTO: Britain's Prime Minister Boris Johnson holds a news conference in response to the publication of the Sue Gray report Into "Partygate", at Downing Street in London, England May 25, 2022. Leon Neal/Pool via REUTERS

© Reuters. FILE PHOTO: Britain's Prime Minister Boris Johnson holds a news conference in response to the publication of the Sue Gray report Into "Partygate", at Downing Street in London, England May 25, 2022. Leon Neal/Pool via REUTERS

© Reuters. FILE PHOTO: Britain's Prime Minister Boris Johnson holds a news conference in response to the publication of the Sue Gray report Into

LONDON (Reuters) - Britain's financial support package to help consumers meet rising energy costs will not be inflationary because it won't necessarily lead to more discretionary spending, Prime Minister Boris Johnson said on Friday.

Asked by reporters if the policy could add to inflation, Johnson said: "The answer to that is no, because I don't think that it will lead, necessarily, to more discretionary spending, simply because people's outgoings are going to go up, or have been going up already as a result of the of the increased cost of energy and food."

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.