At today’s meeting of the Treasury Select Committee, Gareth asked the Governor of the Bank of England about ongoing volatility in European Energy Markets and the impact this has on UK inflation.
The Governor and his colleagues emphasised the severity of the situation and explained the degree of control possessed by the Bank. They also considered the impact of prospective Government policy.
Gareth continues to monitor the inflation situation closely ahead of the Bank of England’s next Monetary Policy Report in November, which will again be scrutinised by the Committee.
