UK Parliament / Open data

Financial Services Bill

Proceeding contribution from Alison McGovern (Labour) in the House of Commons on Monday, 10 December 2012. It occurred during Debate on bills on Financial Services Bill.

I thank the hon. Gentleman for his intervention and his compliment that he thinks my point is not wholly without merit, but it might test your patience, Mr Deputy Speaker, if I tried to shoehorn into the debate on the amendment possible solutions to the global food crisis and productivity in agriculture.

On derivatives, in agricultural production there is a need to hedge. There needs to be some kind of financial security to take account of unforeseen weather events and so on, so of course there is a need to hedge, but that is not what I am talking about. The question is whether some of the recent high-volume, high-speed forms of speculation and trading have had an impact on the global food price. I suspect that they might have, but it would be nice to have more information.

Type
Proceeding contribution
Reference
555 c114 
Session
2012-13
Chamber / Committee
House of Commons chamber
Back to top