Price controls on essential food items: draft legislative provisions
Chapter 3: The goods which could be subject to price caps
This chapter considers which goods could be subject to a cap and how that might be determined.
The selection of products is central to the effectiveness of the policy. It engages a range of complexities. It requires consideration of consumer preference to maximise benefit of the intervention. It requires detailed regard for religious and other dietary needs.
We know that the choice of products could also have wider impacts. The introduction of price controls may impact patterns of consumer demand. It may have direct consequences for product availability, producer requirements and food supply chains. There may be indirect consequences for production, including impacts on supply chain resilience, animal welfare and net zero objectives.
This chapter seeks your views on how items should be chosen and kept under review, and the various factors that could go into making that decision.