Chancellor agrees action plan with regulators to support consumers
Chancellor agrees action plan with regulators to support consumers

As part of the governments plan to halve inflation this year, the Chancellor held a round table with CEOs from the Competition and Market Authority (CMA), Financial Conduct Authority (FCA), Ofcom (telecommunications), Ofgem (energy) and Ofwat (water). Jeremy Hunt, Chancellor of the Exchequer, made clear that regulators need to work at pace to ensure that financial markets are working properly. As wholesale energy prices and other costs are beginning to fall, the Chancellor wants to ensure that consumers are benefitting from these reductions.

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