Sky News published this video item, entitled “Chancellor says ‘there’s no easy options’ as inflation hits 10.1%” – below is their description.
Chancellor Nadhim Zahawi says “there’s no easy options” to deal with the cost of living crisis.
It comes after inflation in the UK hit 10.1%.
Sky News YouTube Channel
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Sky News is a British free-to-air television news channel and organisation. Sky News is distributed via a radio news service, and through online channels. It is owned by Sky Group, a division of Comcast. John Ryley is the head of Sky News, a role he has held since June 2006.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
Nadhim Zahawi is a British-Kurdish politician who has served as Parliamentary Under-Secretary of State for Business and Industry since 2019 and Parliamentary Under-Secretary of State for COVID-19 Vaccine Deployment since 2020.
