BoE Governor says Plans to limit food prices 'not sustainable'
The Governor of the Bank of England, Andrew Bailey, has expressed concerns over government plans to limit food prices, stating that such measures are not sustainable in the long run. He emphasized that artificially moving prices could lead to negative consequences for the economy. The proposals have faced significant backlash from supermarket leaders and food producers, who argue that the government should not interfere with business operations.
- ▪Andrew Bailey warned that artificially moving prices is not sustainable.
- ▪The government is considering a price freeze on essential groceries to alleviate the cost of living crisis.
- ▪Supermarket executives have described the price cap proposals as preposterous and indicative of state control.
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Andrew Bailey: Plans to limit food prices ‘not sustainable’ The Bank of England governor says artificially moving prices will not work in the long run, while Lord Rose, a former M&S boss, calls the proposal ‘idiotic’ Andrew Bailey, the governor of the Bank of EnglandTIMES PHOTOGRAPHER RICHARD POHLE Isabella Fish, Retail Editor, and Steven Swinford, Political Editor Wednesday May 20 2026, 9.25pm BST, The Times Listen 0:00 / • 6:05 min Share Share this article Email Twitter Facebook Link Save Prefer us on Google The governor of the Bank of England has warned ministers against “artificially moving prices” after the Treasury held talks with supermarkets about freezing the cost of essential goods.
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