It has been a pathetic sight to watch politicians pleading with the supermarkets to lower food prices. Inflation has yet again proven to be more persistent than the government expected and it will do almost anything to bring it down. The Chancellor has even said that a recession would be a price worth paying to get the cost of living under control. But while the government resorts to ‘voluntary price caps’ on food, it still plans to ban most buy-one-get-one-free food offers in October. A double-digit hike in alcohol duty will come into effect in August. Smokers of rolling tobacco have already endured a tax rise of inflation plus 6 per cent this year.
Everything is moving in the direction of more state control of people’s private lives
Clearly the government’s commitment to tackling high prices only goes so far. When it’s a choice between addressing the cost of living and appeasing the ‘public health’ lobby, there is only ever one winner.
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