Consumers: Prices
2026-06-24 · Treasury · 13440 · Official question
Question
To ask the Chancellor of the Exchequer, whether the Treasury will monitor the evidence after the Strait of Hormuz reopens to ensure that consumers are not continuing to pay higher prices.
Answer
HM Treasury has a comprehensive framework for the monitoring, assessment, and management of current and potential risks to the economy, including those posed by the closure of the Strait of Hormuz. The framework involves systematic monitoring of the evide...