Lord Sharpe of Epsom (Con)

Speaking in the House of Lords on 20 May 2026

Debate

Contribution

My Lords, I am grateful to the Minister for his Answer. The Government should understand and know that price controls do not work and do not reduce prices. They instead suppress supply, create shortages, and ultimately leave consumers worse off and more exposed to food insecurity. I must say that, when we first heard these stories, we feared that the ghost of Stalin was roaming the corridors of the Treasury. For the avoidance of doubt, will the Minister today give an unequivocal commitment that the Government will rule out price caps, voluntary or otherwise, entirely? Can I suggest that he confers with noble Lords in this House, including on his own Benches, who will confirm that the supermarket industry is fiercely competitive?

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