In a world of financialised globalisation, prices of food are not determined by the simplistic laws of supply and demand. Prices are determined by a wall of money wielded by relatively few, invisible speculators and aimed at largely unregulated global grain markets.
This is bad news for the coalition government. Let us see if they now compromise with the EU with their budget. Read here
This is exactly what we have been warning about. Firms, that pay little tax, generously support their rentier shareholders and expect the taxpayers to then bail them out. Read here