Price controls on essential goods like food are generally ineffective in addressing price spikes; instead, boosting domestic food supply and supporting domestic farming creates a more sustainable solution by reducing dependence on external markets and increasing local production capacity.
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Supermarket ‘price freeze’ | UK softens Russia sanctions | Arsenal win the leagueAdded:
Price controls do not work.
There's no debate about that in any economic or business sphere.
If you want to stop food price spikes is affecting us. Do you know what you do? What? You boost domestic food supply. You back farming domestically and then you're less affected.
And you know, go and ask the farmers if they feel like they've been backed by this government or not.
>> It's also important to say that this is already going to happen in Scotland. So the SNP leader John Swinney has said he plans to legally cap the price of some food items in supermarkets. People struggling to afford a basic shop and he's got a public health responsibility in his words. So reaction to the cost of living crisis. So this already going through in Scotland and that's probably what's triggered the Westminster government response.
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