UK shoppers face an “apocalyptic” rise in food prices as a result of the Ukraine war, the Bank of England Governor has warned
Andrew Bailey told MPs Russia’s war in Ukraine is threatening global food supplies and will become “a major worry for this country” and “the developing world”
The country’s top banker told MPs on the House of Commons Treasury committee the war in Ukraine was a factor that would likely see a sharp rise in prices being paid by consumers in Britain and around the rest of the world.
