Prices for consumers are ‘still too high’, says Minister for Finance

📆 7/14/2023 1:15 AM
📰 IrishTimes

⏱ Reading Time:
21 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 98%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Reductions in prices are not yet being passed on to consumers as inflation falls, Minister for Finance Michael McGrath has said, calling for prices to be cut to relieve pressure on businesses and households

rose 6.1 per cent between June 2022 and June 2023, according to data released on Thursday, driven by increases in housing, water, electricity, gas and other fuels, and higher prices in recreation and culture.

At the Eurogroup meeting, the finance ministers agreed that there should be a “determined” tightening of spending policy to keep national balance sheets healthy and avoid contributing to further inflation. The European Commissioner for the economy, Paolo Gentiloni, said member states were “strongly” recommended to end subsidies that had been put in place to help consumers with high energy costs.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance for the future; billionaire’s debt issues; and cutting off access to Premier LeagueBusiness Today: the best news, analysis and comment from The Irish Times business desk
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Kevin Bakhurst says RTÉ examining who signed off on former finance chief’s voluntary redundancyIt emerged today that the full executive board did not sign off on the redundancy deal done with Breda O'Keeffe
Source: businessposthq - 🏆 8. / 71 Read more »