Energy Supply and Food Supply
(asked on 16th May 2022) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what discussions he has had with Cabinet colleagues on fiscal plans to tackle potential supply shortages of (a) energy and (b) food.
Arrangements are in place to ensure security of supply of electricity and gas. We are confident that the UK’s energy security will be maintained.
The UK food supply chain is highly resilient and our food import dependency on the Eastern Europe region is very low. We do not expect any significant direct impact on overall UK food supply as a result of the conflict in Ukraine. The Government continues to keep the market situation under review through the UK Agriculture Market Monitoring Group, which monitors UK agricultural markets including price, supply, inputs, trade and recent developments. We have also increased our engagement with industry to supplement our analysis with real time intelligence.