Tighter monetary policy right response to inflation: UK minister

BRITAIN’S Minister for Brexit Opportunities, Jacob Rees-Mogg, said on Friday (May 13) that a tighter monetary policy and constrained fiscal policy would be the right response to control inflation and help ease a cost-of-living crisis.

“The right responses are tighter monetary policy, which is the responsibility of the Bank of England, and constrained fiscal policy,” the pro-Brexit lawmaker told Times Radio.

“An emergency budget is not likely to be an answer to this. What is going to be an answer are essentially long-term measures combined with the immediate help that’s been given to people who are particularly affected.” REUTERS