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Jacob Rees-Mogg warns that Labour’s reported plans to introduce price caps on basic foods could have devastating consequences for the UK economy. Speaking on the growing debate around government intervention in supermarkets, Rees-Mogg argues that controlling prices may sound appealing politically, but history shows it can quickly lead to shortages, panic buying, and economic disruption. “Let’s hope the government has the wit and wisdom to not follow this route,” he says.

The former Cabinet minister explains why interfering with market pricing could create “empty shelves” and “long queues” across Britain, drawing comparisons to failed economic policies seen in other countries. Rees-Mogg lays out what he calls “basic economics” as he criticises Labour’s approach to tackling the cost of living crisis and rising food prices. The discussion centres on whether government-imposed controls would actually help struggling households — or make matters significantly worse.

Economic journalist Mani Basharzad also reacts to reports that the Treasury is encouraging supermarkets to consider voluntary price caps on essential food items. Basharzad questions whether such measures would reduce inflation or simply create new problems for businesses and consumers alike.

#labour #pricecap #economy

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Alex Armstrong blasts West Streeting, Keir Starmer and Andy Burnham’s moves to bring Britain back into closer relations with the European Union after the former Health Secretary’s speech calling for a ‘new special relationship’ with the bloc.

#europe #eu #keirstarmer #wesstreeting

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‘The only good Labour is no Labour!’ | Robert Jenrick SLAMS Andy Burnham as by-election LOOMS

Reform UK Treasury Spokesperson Robert Jenrick MP delivers a blistering critique of Burnham, accusing him of “using the community for his own ends” and claiming Labour has taken voters in traditional working-class areas for granted for far too long.

Jenrick explains why Reform UK is “throwing everything” at the Makerfield by-election, arguing that the contest represents a major opportunity for voters to reject the political establishment and “upset the applecart.” With the constituency having backed Brexit heavily, Reform believes the seat is fertile ground for a political upset as frustration grows over immigration, the economy, and trust in Westminster politics. Jenrick also dismisses concerns that Conservative or Restore Britain candidates could split the anti-Labour vote, insisting those claims are “irrelevant” to Reform’s momentum in the constituency.

As campaigning intensifies, the Makerfield by-election is increasingly being viewed as a crucial test for Labour, Reform UK, and the wider direction of British politics.

#reformuk #andyburnham #robertjenrick

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Incoming Fed Chair Kevin Warsh, whose broad criticism of current Fed officials, playbook for rate cuts, and ties to President Donald Trump elevated him past other contenders, will be sworn in to the central bank’s top job today at a pivotal moment for monetary policy and the US economy.

#USnews #donaldtrump

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