Rishi Sunak offered reassurance to consumers worried that there may not be enough Christmas gifts this year due to the supply chain crisis.
The Chancellor met with finance ministers from the G7 group of the world’s leading economies on Wednesday to discuss supply issues, with all politicians agreeing to work together to resolve them. the crisis.
Retailers fear that ongoing supply chain issues will lead to higher prices and empty shelves until December.
The delivery company Maersk decided to divert the vehicles away from the Suffolk port because of a cargo formation at Felixstowe. Similar logjam have been seen elsewhere around the world, including the US.
Meanwhile, toy sellers in the UK have warned customers to “buy now” to avoid Christmas disappointment.
Robert Gliddon, owner of Gliddons Toy Shop in Sidmouth, Devon, advised: “If you see it, buy it, and be prepared to pay more before Christmas.”
But speaking to the BBC in Washington DC, Mr Sunak looked to reassure consumers, saying there would be “good value” of gifts available this year.
He said: “We are really doing everything to alleviate some of these challenges.
“They are global in nature so we can’t fix every single problem but I think confident that there will be a good provision of goods for everyone.
“I’m sure there will be a good amount of Christmas gifts available for everyone to buy.”
Mr. Sunak is chairing a meeting of finance ministers as the International Monetary Fund and World Bank.
He told ministers of “the importance of global cooperation to ensure supply chains are more resilient as the world emerges from the pandemic”.
Speaking after the meeting, Mr. Sunak said: “Supply chain issues are being felt around the world – and financial leaders from around the world must work together to meet our shared challenges.
“Now we have together agreed to work closely in the coming months-and together we will build a strong and resilient recovery.”