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Bank of England governor Andrew Bailey had fired a warning shot at retailers engaged in greedflation, by warning there is some evidence that retailers are overcharging customers.
Bailey has given an interview to the BBC’s Newsround programme, in which he said there are some issues to tackle on overpricing
If you look at petrol prices, some sellers of petrol have possibly been charging too much for it.
It helps us with inflation, but it’s just fairer if these things are tackled.
This is having very difficult effects. So it’s important that these steps that can be taken to make things fairer, and to save money for people by doing so, are taken.
