British Chancellor of the Exchequer Nadhim Zahawi will use his Mansion House speech on Tuesday to underscore the need for Downing Street to focus on taming inflation, according to experts from the speech, reported by several British news outlets.
The official, who took the post earlier this month, will reportedly promise to change regulations to give insurers more flexibility to invest in infrastructure and vow tackling high inflation will be his top priority as the new chief secretary to the treasury.
"That means delivering sound public finances to avoid pushing up demand still further, providing help for households as they deal with the worst price rises in over a generation, and where we can, easing the supply constraints that are the underlying cause of high inflation," Zahawi is expected to say, according to The Times.
