Food Price Inflation Debate
Full Debate: Read Full DebateBaroness Keeley
Main Page: Baroness Keeley (Labour - Life peer)Department Debates - View all Baroness Keeley's debates with the Department for Environment, Food and Rural Affairs
(2 years, 6 months ago)
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The reality, as I have said, is that the changes in global commodity prices are being driven by the high price of gas and energy. As I pointed out earlier, the cost of fertiliser, which is one of the key drivers of those international commodity prices, has now fallen by 40% from its peak in March, and is now running at about £620 a tonne. If fertiliser prices remain at that level, or indeed continue to fall, we are likely to see pressure come off the forward prices of international commodities.
I want to share with the Secretary of State the experiences of my constituent Rebecca, who is a single mum expecting her second baby soon. She said she reached out to me in “desperation and fear”,
and she told me:
“The cost of living has shot through the roof, it is unaffordable and I am having to make some pretty desperate decisions. My weekly shop amount has already jumped from under £50 per week to £75 a week… I am finding it virtually impossible to buy the necessary equipment for my baby’s impending arrival.”
How can the Secretary of State expect Rebecca and millions like her to struggle with tax increases and soaring inflation with no additional support? What is he going to do and what are the Government going to do to ease this pressure on families, which Rebecca tells me is now making her “fearful for the future”?
As I acknowledged in the statement, it is undoubtable that rising energy bills have affected household incomes, because people are paying more money on their gas and electric. Food prices have indeed risen—but across the year, with the rate currently at about 6.5%. Of course, we all have constituents with such challenges in their lives, and we all work with them. The Government have put in place the household support fund specifically to help those who fall between the cracks and cannot get support elsewhere, and we have doubled the size of that fund.