UK’s Kwarteng confident that inflation will be contained

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FILE PHOTO: Secretary of State for Business, Energy and Industrial Strategy Kwasi Kwarteng arrives at the BBC Headquarters

LONDON – British Business Secretary Kwasi Kwarteng said on Wednesday he expected inflation to be contained but said it was a “real cause of some concern”.

“I think it’s a real cause of some concern because, clearly, we want inflation rates to be lower,” he told BBC TV. “There’s a debate at the moment as to how long this inflation will last, I’m confident that it’ll be contained.”

(Reporting by Kate Holton; editing by Guy Faulconbridge)


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