Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps his Department has taken through the Spring Statement to tackle food inflation.
As the global economy recovers from COVID-19, many economies are experiencing high inflation, in part due to pressures from rising energy and commodity prices, along with disruptions to global supply chains caused by a mismatch between elevated global demand and bottlenecks in supply as a result of the pandemic.
The Government understands the pressures people are facing with the cost of living as a result of high inflation, and that a range of factors mean individuals may experience cost rises differently. Including the measures announced in the Spring Statement, the Government is providing support to families worth over £22 billion in 2022-23.