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The Guardian - UK
The Guardian - UK
Business
Richard Partington Economics correspondent

John McDonnell calls for strict price controls on fuel and food basics

John McDonnell speaks in parliament in April. Alongside price controls, he said it would be sensible to cut VAT from 20%.
John McDonnell speaks in parliament in April. Alongside price controls, he said it would be sensible to cut VAT from 20%. Photograph: UK Parliament/Jessica Taylor/PA

The government should impose strict price controls on fuel and basic food items to help families struggling with soaring living costs, the former Labour shadow chancellor John McDonnell has said.

Calling for a radical response to the worst cost of living crisis in a generation, McDonnell said the government needed to take urgent steps to limit the impact from soaring inflationary pressures on workers and their families.

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