Food Price Inflation - Commons Urgent Question

Part of the debate – in the House of Lords at 11:52 am on 19th May 2022.

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Photo of Lord Bilimoria Lord Bilimoria Crossbench 11:52 am, 19th May 2022

My Lords, yesterday, the CBI, of which I am president, had Ambassador Vadym Prystaiko at our annual dinner. He spoke movingly and explained that, at the moment, it would take five years to get the grain out of Ukraine using rail and road, unless the ports are unblocked. What can the Government do to lead the way in international efforts to unblock Odessa port so that the grain can get out? Otherwise, we have the danger of famine around the world. Secondly, with regard to what the Bank of England governor referred to as an “apocalyptic” rise in food prices, surely the best way to address that is to reduce taxes, which are at the highest level in 70 years. Consumers and businesses need help now.