Andrew Bailey, governor of the Bank of England has issued an ‘apocalyptic’ warning over food supplies and skyrocketing costs for consumers.
He said the situation is “very, very difficult” with inflation soaring and warned “there’s not a lot we can do about 80% of it”.
Speaking to the House Treasury Committee he said: “I’m afraid the one I’m going to sound, I guess, rather apocalyptic about, is food.”
