Food: Prices Debate
Full Debate: Read Full DebateLord Pearson of Rannoch
Main Page: Lord Pearson of Rannoch (Non-affiliated - Life peer)Department Debates - View all Lord Pearson of Rannoch's debates with the Department for Environment, Food and Rural Affairs
(13 years, 1 month ago)
Lords ChamberI am very grateful to my noble and learned friend for taking me back to my childhood in politics—names like Aubrey Jones and Fred Catherwood and prices and incomes policies all come back to me. Indeed, my noble and learned friend is right to remind us that there is nothing like a competitive market with a strong retail sector to make sure that prices are kept as competitive and as low as possible.
My Lords, can the noble Lord confirm the previous Government’s estimate that the EU’s agricultural policy costs each family of four in the United Kingdom about £1,000 per annum in higher food costs and tax? Would he also agree that since these higher food costs fall largely on milk, bread and sugar, they hit our poorest hardest? Finally, would he confirm that there is nothing we can do about this while we remain in the European Union?
I should inform the noble Lord that in actual fact the world price of sugar is currently higher than the internal European price of sugar. Indeed, the common agricultural policy, despite all the misgivings, at least provides some degree of stability in the huge volatility that there has been in global commodity prices. I cannot share the noble Lord’s view.