Despite supply chain issues, there will be a “good amount of Christmas gifts,” said Rishi Sunak this year.
The Chancellor spoke after meeting finance ministers from the G7 group of world leaders to discuss the problem, with politicians agreeing to work more closely together to resolve the crisis.
Retailers have voiced their fears that persistent supply chain problems will lead to higher prices and empty shelves into December, but the UK’s Major Ports Group’s executive director said supply chains are “robust” and “don’t panic”.
A cargo backlog at Felixstowe has led Maersk to choose to divert ships away from the port of Suffolk, while similar traffic jams have been observed in other parts of the world, including the United States.
Speaking to the BBC in Washington DC, Mr Sunak tried to reassure the British when people started thinking about Christmas shopping.
He said, “We are doing absolutely everything to alleviate some of these challenges.
“They are global in nature, so we cannot solve every single problem, but I am confident that there will be a good supply of goods for everyone.
“I am confident that there will be a good amount of Christmas gifts that anyone can buy.”
Mr. Sunak chaired a meeting of finance ministers on Wednesday as the International Monetary Fund and World Bank meet in the US capital.
The Treasury Department said Mr Sunak told the meeting the importance of global collaboration to ensure supply chains are more resilient as the world emerges from the pandemic.
After the meeting, Mr. Sunak said, “Supply chain issues are felt around the world – and finance leaders from around the world need to work together to address our common challenges.
“Today we have jointly agreed to work closely together in the coming months – and together we will build a strong and resilient recovery.”
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