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Businesses should do more to reduce prices in the coming months to help Britons struggling with rising inflation, the government's cost of living tsar said, as a minister warned of the risk of "unrealistic expectations" over pay.
Countries worldwide are battling cost-of-living levels not seen in decades, ratcheted up by the reopening of the global economy after the COVID-19 pandemic and the Russia-Ukraine war. The Bank of England predicts inflation will top 11% in October.