(1 year, 6 months ago)
Commons ChamberWhat we are learning from our European neighbours is that this is a common problem. In fact, food price inflation in Germany, Portugal and other countries is higher than it is here. Rather than intervening in markets, as some are spuriously suggesting, and taking us back to the prices and incomes policies of the 1970s, we have entered discussions with the supermarkets, some of which have recently suggested that they will be able to lower prices, or lower the rate of increase in some prices, on the more essential items.
I thank the hon. Lady for her question. I have fond memories of serving with her on the Treasury Committee.
We always keep sanctions under review, but I am currently satisfied that they are broadly operating in an effective and proportionate manner. The hon. Lady mentions inflation on essential foods, and I point her to the cost of living payments, which are very significant, equivalent to £3,000 per family over the two-year period in which they will apply. The energy price guarantee has been extended until June, and there is a rise in the national living wage.