𝗢𝗹𝗶 𝗚𝘂𝘆🚀

@FennellJW Or someone 'flying a kite' perhaps.

Food price cap story turns out to have been made up by the press.

@SaulStaniforth Anyone supporting this is both economically illiterate & has zero understanding of how grocery retail actually operates. Items being discussed are 'traffic driving', Key Value Items" (KVIs) often sold at a loss as they drive perception of a store's affordability.

Justin King, the ex CEO of Sainsburys, says price controls on basic food items (so people can afford to eat) are a nonsense. In 2013 it was reported that King got an £8 million pay packet for the previous year.

@DavidGHFrost Anyone supporting this is both economically illiterate & has zero understanding of how grocery retail actually operates. Items being discussed are 'traffic driving', 'Key Value Items' (KVIs) often sold at a loss as they drive perception of a store's affordability.

Remarkable (and remarkably bad) if true. There are certainly plenty of people in this govt whose understanding of economics is so poor that they might consider it a good idea.

@theSNP Anyone supporting this is both economically illiterate & has zero understanding of how grocery retail actually operates. Items being discussed are 'traffic driving', 'Key Value Items' (KVIs) often sold at a loss as they drive perception of a store's affordability.

👀 Did someone say a supermarket price cap?

@txbamxnmicxh_s Anyone supporting this is both economically illiterate & has zero understanding of how grocery retail actually operates. Items being discussed are 'traffic driving', Key Value Items" (KVIs) often sold at a loss as they drive perception of a store's affordability.

“voluntarily”.. so in other words they won’t fucking do it then will they lmfao

@Artemisfornow Anyone supporting this is both economically illiterate & has zero understanding of how grocery retail actually operates. Items being discussed are 'traffic driving', Key Value Items" (KVIs) often sold at a loss as they drive perception of a store's affordability.

Bloody hell … Rachel from accounts / client services has increased the cost of food with Net Zero, carbon taxes, packaging levies, higher NI and wage mandates… then blames supermarkets for putting prices up. Now she wants 1970s-style price caps. Remember supermarkets make less than 3% profit on food, the profit they make is also paid to pension funds that the BLOODY government told us to invest in!!! Seriously I can’t cope. This sort of maths would fail GCSE level, yet Labour MPs think it’s brilliant. That tells you everything you need to know.

@SaulStaniforth Anyone supporting this is both economically illiterate & has zero understanding of how grocery retail actually operates. Items being discussed are 'traffic driving', Key Value Items" (KVIs) often sold at a loss as they drive perception of a store's affordability.

Can you imagine a news channel presenter editorialising that price controls are a good idea. Of course you can't. Here's Eton educated Wilfred Frost explaining why capping the prices of essential items so people can afford to eat is a bad idea.

Remind us why we need to get rid of the PM?

@MelJStride @thetimes Whoever made this suggestion is both economically illiterate & has zero understanding of how grocery retail actually operates. Items being suggested are 'traffic driving', Key Value Items" (KVIs) often sold at a loss as they shape perception of a store's affordability.

A food price cap risks one thing: fewer goods on supermarket shelves, not lower bills. When you interfere with markets, you don’t beat inflation - you squeeze supply, and simply push up prices elsewhere. I spoke to @thetimes 👇🏻

@dresserman Whoever made this suggestion is both economically illiterate and has zero understanding of how grocery retail actually operates. Items being suggested are 'traffic driving', Key Value Items" (KVIs) often sold at a loss as they shape perception of a store's affordability.

The idea, or movement to try and cap to supermarket prices is remarkable. 1) The govt must know some regulations are onerous, hence their Carrot dangling. Those regs should go, regardless. 2) No one can afford to cap prices, food retail is a low margin business, theft is at an all time high eg and drives prices up. 3) As do taxes; people heavy industries like retail, hospitality, food production etc have been hit hard with the NI rise and other associated taxes. 4) For example there is now a packaging tax that we're all paying for, alongside high energy prices (before Iran) that feed in to prices at the shelf edge. 5) No one can afford to cap prices in peacetime. Let alone now - things are hugely uncertain. Imagine signing it up to it and seeing Oil rise to $whatever a barrel, directly impacting prices. But being stuck to charging Y because the govt said so. 6) Why would anyone bother to innovate in foods if the prices are to be capped? There is more. But this is insanity. The government can take several measures to ease food inflation, some are naturally related to Iran (and that will start to feed through now in greater numbers). Iran is an impact but food prices were on the rise before this. HFSS is another one; moving products around the store aimlessly so no one buys them. Banning multibuys on govt deemed "unhealthy" products also hasn't helped food prices. Or consumer sentiment. The latest thing after hundreds of millions spent on changes, reformulation and the rest.... Is the news that the government are bringing more products in to the rules.... The ridiculous legislation, NI rises, tax rises, etc etc can all be looked at. Why not do that? IE the consequences of your own actions as a Govt? It would be funny, if not so serious.

@JohnRad15 If you were born after 1960 you have never known socialism in the UK. If you think it is so amazing I hear Pyongyang is looking for immigrants.

No, most people do far MORE work than our lives would require if we didn't have a very expensive capitalist class sucking half our productivity.

@RainEden2 @CurtisDaly_ So what would you do?

@OliGuy @CurtisDaly_ It must be an interesting mindset to be so devoid of humanity and worshipping an oppressive economic system. I wonder if you’ll reflect on that on your deathbed. 👋🏼

Capitalism isn't working

@carla_denyer Drill baby drill.

By forcing a vote on oil & gas the Tories are wasting valuable time that should be spent working cross-party to plan for the energy transition & future-proofing jobs. There is no future in fossil fuels. Pretending otherwise fails workers, billpayers & the next generation.

@carreg_y_defaid Spot on. Struggling to see the difference from what we have now.

"They can't afford a few pints at the weekend." This is truly what Labour politicians see the proles as. We don't care about pints. We care about the cost of living, rents, mortgages, food prices, bills. Luxuries and socialising are nice, but far less important than basics.

@earthygirl011 If you did your research you would find out that they are taxed more than anywhere else telegraph.co.uk/business/2026/…

Tax the rich

This is worse than not committing to PR. I previously didn't support a Green candidate, finding it harder to now justify that position.

Would this man make a better Prime Minister than Keir Starmer?

@sp4rkl3jumpr0p3 WRONG - the only way to reduce rents is to build more homes. GCSE Economics - chapter on Laws of Supply and Demand.

Nothing to do with immigration Rent inflation is so high in Teesside because landlords have realised the house prices are low and they can get a large profit yield by hiking rent as much as they can get away with, only solution to that is rent controls

@ShaunWAT @sp4rkl3jumpr0p3 Which countries?

@sp4rkl3jumpr0p3 It works in every country that has properly implemented it. That's the part they don't talk about.

For all the people saying “rent controls don’t work” is the current rental sector model something you consider working? Adults living at home with their parents into their 30s? Homelessness consistently rising? Families having to choose between paying rent or buying food?

@sp4rkl3jumpr0p3 Rent control is not a cure. It restricts prices, but it doesn't build homes. The only permanent way to lower housing costs is to aggressively increase the supply of housing through reducing building restrictions, and investing heavily in social and public housing.