UK Parliament / Open data

Corporate Profit and Inflation

Proceeding contribution from Margaret Greenwood (Labour) in the House of Commons on Tuesday, 16 May 2023. It occurred during Debate on Corporate Profit and Inflation.

I congratulate my hon. Friend on securing this debate and his excellent speech. He is reframing the whole debate, which is incredibly important.

According to the Office for National Statistics, during the 12 months to March the price of food and non-alcoholic drinks rose at its fastest rate in more than 45 years. Cheese was up 44% and the average price of bread and cereals increased by 19.4%. My hon. Friend is discussing what the economists are talking about now: greedonomics. Does he agree that that will chime with people out there in the shops, trying to feed their families? We all have casework involving people who simply cannot afford to put the food that their children need on the table.

Type
Proceeding contribution
Reference
732 c366WH 
Session
2022-23
Chamber / Committee
Westminster Hall
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