Food Price Inflation Debate
Full Debate: Read Full DebateDepartment: Department for Environment, Food and Rural Affairs
Stephanie Peacock
Main Page: Stephanie Peacock (Labour - Barnsley South)Department Debates - View all Stephanie Peacock's debates with the Department for Environment, Food and Rural Affairs
(2 years, 6 months ago)
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George Eustice
These matters are often covered in the Barnett formula and the complexities of Treasury settlements with the devolved Administrations, so I advise the hon. Gentleman to write to the Chancellor or the Secretary of State for Wales to raise his issue.
Stephanie Peacock (Barnsley East) (Lab)
The Governor of the Bank of England has described food inflation as “apocalyptic”. Instead of telling people to work harder, buy cheaper or cook better, why do the Government not think again about raising national insurance, cutting universal credit and putting a windfall tax on the oil companies?
George Eustice
Again, these are matters for the Chancellor, but I would simply say that, as we emerge from this pandemic, there are challenges—challenges to global supply chains, challenges to the global economy and, domestically, challenges to our NHS. The NHS has had two years of wrestling with the pandemic, and it now has a backlog in some areas that it needs to get on top of. The national insurance rise and social care levy that we have put in place will bring in the resources that will help the NHS to get back on its feet after the pandemic.