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Iceland's boss urges UK to hold weekly emergency meetings to combat rising food and fuel prices driven by Middle East tensions and oil cuts.
Iceland's executive chairman, Lord Richard Walker, has called on the UK government to hold weekly emergency meetings to tackle rising food and fuel prices, citing Middle East conflicts and disrupted oil supplies as key drivers.
Speaking in his first House of Lords speech, he urged tighter coordination between regulators, energy firms, and retailers to prevent exploitative pricing, noting a 9% diesel price rise since late February and a 10 million barrel daily oil production cut by Gulf nations.
While the Competition and Markets Authority acknowledged rising costs are inevitable, it pledged to monitor price increases for fairness.
Walker, recently named cost-of-living champion by Prime Minister Keir Starmer, emphasized the need for government-business collaboration to ensure essentials remain affordable.
El jefe de Islandia insta al Reino Unido a celebrar reuniones semanales de emergencia para combatir el aumento de los precios de los alimentos y el combustible impulsado por las tensiones en Oriente Medio y los recortes de petróleo.