UK Parliament / Open data

Corporate Profit and Inflation

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

As I said, the Co-operative, as a food retailer, is a marvellous organisation. My point is that we should be very cautious about simply making the assumption that an increase in the prices that consumers are paying, which is spread across very different parts of the producer sector, automatically leads to the sorts of outcomes that we heard from Opposition Members.

We have strayed quite a long way away from the topic of debate. I would dearly love to be a fly on the wall, or a passenger on the train as it returns to both Leeds East

and Leeds West, because there is some dissonance in my mind about the position of the Opposition today. We have had a very refreshing debate that has been honest and open in its candour. We have heard about the need for the minimum wage to increase to £15 an hour, the need to scrap all anti-trade union laws and to give an above-inflation pay rise to workers, the need for an excess profits tax and for wealth taxes, the need for private rent controls, the need to impose price controls on food staples—there is lots of nodding, so please

intervene on me—and the need to return to public ownership every water, rail and energy company. These points were all raised in the debate—

Type
Proceeding contribution
Reference
732 cc378-380WH 
Session
2022-23
Chamber / Committee
Westminster Hall
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