Divvying it up
41 sitting Labour MPs in the House of Commons are currently also Co-operative MPs - aren't they missing a trick? In the more-than-usually febrile political atmosphere of Westminster the discussion around the pros and cons of introducing price controls on basic food items - such as eggs, bread and milk - to help tackle the cost of living crisis has inevitably descended into extreme positions: freedom of the markets versus a command and control economy. Neither extreme is being seriously discussed for implementation as government policy and neither is advisable or likely. That, though, hasn't prevented the debate descending into the usual partisan mud-slinging. The lessons of history are rarely learned but I'm old enough to remember very well Shirley Williams' time as Labour Secretary of State for Prices and Consumer Protection from 1974 to 1976. Her policies focused on combating inflation through statutory price controls, profit margin caps on manufacturers, and taxpayer...