UK Urged Create Rules for Food Price Problem

World Development Movement, anti-poverty campaign group based in England, urged the British government to make regulations regarding food prices which are sold in the market. This regulation is to stabilize food prices. Since the global financial crisis erupted in 2008 and then, food prices jumped sharply. This antipoverty group wanted the UK to lead the countries in the European Union in the making of regulations concerning food prices as it had done the United States government.

Legislation to reform Wall Street, the Senate produced last week, including commodity trading regulates foodstuffs. Anti-poverty campaign group was blamed as the cause of the emergence of the banking financial crisis impact on food price volatility. When a crisis occurs, these groups said, drain bank funds to commodities of wheat and corn. Instead, banks have argued that increases in food prices due to rising demand from China and use of bio fuels.

“Banks make the high price of coffee, chocolate, and bread,” the group said the antipoverty campaign. So that most poor people suffer.

This antipoverty group asserted rights for the poor to escape poverty and a miserable end to the policy.