British Chancellor of the Exchequer Rishi Sunak said that “the economic situation is very serious and the next few months will be difficult after it appears that prices are rising at the fastest pace in 40 years,” stressing that “the government is ready to do more.” to help families facing … rising energy, fuel and food prices,” he announced, announcing that he would cut taxes for companies to encourage them to invest.

Speaking to a number of companies, he stressed that “the country is facing the perfect storm of global supply shocks,” including the impact of the war in Ukraine and the shutdown of production in China. He added: “There is no action that any government can take and we cannot pass a law that can make these world powers disappear overnight. The next few months will be difficult. cannot pretend that it would be easy to cut costs for families.”

Inflation in the UK rose to 9% in the 12 months to April from 7% in March, the highest level since 1982. April’s inflation spike came as millions saw an unprecedented rise of £700 (about $866) a year. electricity bills last month.