Food Price Inflation

Tony Lloyd Excerpts
Thursday 19th May 2022

(2 years, 7 months ago)

Commons Chamber
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George Eustice Portrait George Eustice
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The analysis we have done on food price inflation—I would point out to my right hon. Friend that, in the month of April, food prices on average rose by 1.5%—suggests that around three quarters of the price pressures we have seen can be directly attributed to the price of gas and the remainder to other factors, including rising costs of labour as wages rise for the lowest-paid.

Tony Lloyd Portrait Tony Lloyd (Rochdale) (Lab)
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In my constituency, many people before inflation began to become an issue were already finding it difficult to make ends meet. That is not propaganda; that is a matter of practical reality. Every Member of Parliament knows this about their own constituency. What I looked for from the Secretary of State was some indication that there was action that he and his colleagues in Government were going to take, and there came no answer. What is he going to do to help my constituents, who really are on the breadline?

George Eustice Portrait George Eustice
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The action that the Chancellor has taken so far was announced earlier this year in the spring statement. It included a £150 rebate on council tax bills, and a £200 rebate on energy bills to dampen and spread the cost of the spike in energy bills. We increased the national living wage in April to £9.50 an hour, and that puts an extra £1,000 in the pockets of the lowest-paid. Obviously, we keep this matter under constant review, as the Chancellor has made clear.