Bank of England accuses retailers of profiteering ...News

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Bank of England accuses retailers of profiteering
Some of them are “overcharging customers” during the cost-of-living crisis, BoE governor has claimed Bank of England Governor Andrew Bailey has denounced domestic retailers for being engaged in ‘greedflation,’ claiming that some of them have been taking advantage of rampant inflation by raising prices. In an interview with the BBC this week, Bailey said certain retailers were “overcharging customers” as millions of families struggle to make ends meet. “If you look at petrol prices, some sellers of petrol have possibly been charging too much for it,” the BoE head suggested. According to the top economist, “moves by

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