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Wednesday, April 17, 2024

Tory Failure to Get a Grip on High Food Prices Continues to Hurt Scottish Households

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The Tories’ failure to get a grip on higher food prices is set to continue to hurt Scottish households for the foreseeable future, the SNP has warned.

It comes as Huw Pill, the Bank of England’s chief economist, claimed on Monday that higher prices are here to stay, saying cheaper food is “something we may not be seeing for a while yet, if in the future at all”.

Food inflation reached a peak of 19.2% in March this year, and the price of food and non-alcoholic drinks rose by 17.4% in the year to June.

Commenting, the SNP’s Economy spokesperson, Stewart Hosie MP said:

“The cost of living crisis has already been a disaster for Scottish households, and now the Tories’ failure to get a grip of rising food prices is set to continue hammering those already struggling.

“Through no fault of their own, households across Scotland are paying a heavy price for Westminster Tory rule and the Brexit championed by Keir Starmer’s Labour Party.

“And yet, despite the financial setbacks millions of households are being forced to suffer, both Labour and the Tories remain wedded to the dire policies that got us into this mess.

“Westminster isn’t working for Scotland, and it’s clear the only way we can build an economy that works for everyone is with the full powers of independence.”

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