UK Finance Minister Sunak on Cost-of-Living Crisis: High inflation is causing acute distress

UK Chancellor of the Exchequer (the same as a Finance Minister) Rishi Sunak delivered remarks regarding the UK cost of living crisis and outlines new government response measures on Thursday, Reuters reported. Sunak said that high inflation is causing acute distress, but that the UK has the tools needed to combat inflation, and that the country will turn the current moment of great difficulty into a springboard for economic growth.