Brexit: Food Prices

Debate between Lord Gardiner of Kimble and Baroness Lister of Burtersett

Tuesday 14th November 2017 Lords Chamber

[Lord Gardiner of Kimble]

My Lords, it is clear that food prices have throughout history had a lot to do with the exchange rate, so my noble friend is right that exchange rates are a component of food prices. We believe that there is a vibrant future for agriculture. Having been at Harper Adams last week to see its work in agritech science and heard Professor Blackmore talk about robotic arrangements for agriculture, I think that there is a very strong future for agriculture. All the students whom I met were very enthusiastic about the future of our agricultural sector.

[Baroness Lister of Burtersett (Lab)]

My Lords, as the noble Baroness said, low-income households will be the hardest hit by rising food prices—they already are, because they spend more of their budget on food than other people. At the same time, their benefits are steadily losing their value. Will the Government show through their actions and not just their words that they care about what is happening to the poorest people in our society by ending the benefits freeze as a matter of urgency?

[Lord Gardiner of Kimble]

Clearly, the Government are very conscious of the need to ensure that there is a safety net for vulnerable parts of the community; it is why we have the triple lock for pensions and why we spend more than £50 billion a year on benefits to support disabled people. Indeed, with the getting of many more people into employment, the number of workless households with children has decreased enormously. In many ways the matters the noble Baroness raises are matters for the Chancellor—but, as I say, we are very strongly of the view that all we are doing is providing a safety net and encouraging employment.