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It’s politicians and policymakers who are the real supervillains in the supermarket price war

Food prices are a global problem but our PM, politicians and monetary policymakers must bear the blame for making Britain’s worse than they otherwise might be – not the supermarkets, writes James Moore

Saturday 24 June 2023 09:47 BST
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Who’s to blame for the high cost of the food in this basket?
Who’s to blame for the high cost of the food in this basket? (Getty)

Your weekly shop has gone up far too much. We are looking at the supermarkets, making sure they are behaving responsibly and fairly.”

Is that a bird? Is it a plane? No, it’s Super Rishi, riding to the rescue of your weekly shop and biffing the baddies in the supermarkets’ boardrooms. He has his Avengers assembled: chancellor Jeremy Hunt, Bank of England governor Andrew Bailey and, unexpectedly, Labour’s John McDonnell, at his side.

With inflation up again and the Bank of England belatedly putting their foot on the interest rate throttle with a half-point rate rise to 5 per cent, this lot badly needs someone to distract from their own policy failings.

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