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Title : A Sign Of The Times !
link : A Sign Of The Times !

A Sign Of The Times !

It seems there is no doubt about it, prices everywhere have been going up and up and still are!

Here in the UK, "the government is discussing plans for supermarkets to introduce a cap on the price of basic food items to help tackle the rising cost of living. A voluntary agreement with major retailers could see price reductions on basic food items like bread and milk.

Food prices rose by 19.1% in the year to April - its second highest rate in 45 years.

Downing Street sources have stressed that there are no plans for a mandatory price cap.

The idea of a cap or freeze on basic food items, was first reported by the Daily Telegraph, and is said to be at the "drawing board stage".

Supermarkets are expected to be allowed to select which items they would cap and only take part in the initiative, modelled on a similar agreement in France, on a voluntary basis.

However there is some doubt over what impact a price cap of food will have.

The British Retail Consortium says that the government should focus more on cutting red tape rather than "recreating 1970s-style price controls".

"This will not make a jot of difference to prices. High food prices are a direct result of the soaring cost of energy, transport, and labour, as well as higher prices paid to food manufacturers and farmers," says Andrew Opie, director of food and sustainability at the BRC."As commodity prices drop, many of the costs keeping inflation high are now arising from the muddle of new regulation coming from government. Rather than recreating 1970s-style price controls, the government should focus on cutting red tape so that resources can be directed to keeping prices as low as possible."

At a meeting with food manufacturers last week the chancellor Jeremy Hunt stressed widespread concern about prices and agreed to engage with the industry on possible measures to ease pressure on household budgets.

Experts have warned that expensive food is set to overtake energy bills as the "epicentre" of the cost-of-living crisis."

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All the best Jan

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