Regulators Announce Measures to Protect Consumers Amid High Inflation

Chancellor Jeremy Hunt met with regulators to address concerns that businesses are not lowering costs for consumers quickly enough.
The regulators, including the CMA and sectors like energy, water, and communications, will announce plans to cut prices and ensure fair pricing.
Downing Street expects water companies to not pass on a disproportionate amount of costs to customers for infrastructure upgrades.
While energy prices have increased sharply, bills are forecast to decrease next month due to lower wholesale prices.
Food prices have also climbed significantly, and the government is discussing with the food industry ways to reduce pressure on consumers.