{"id":345306,"date":"2026-05-20T21:00:53","date_gmt":"2026-05-20T20:00:53","guid":{"rendered":"https:\/\/www.newsisc.com\/videos\/jacob-rees-mogg-explains-basic-economics-to-labour-as-government-threatens-price-caps-on-food\/"},"modified":"2026-05-20T21:00:53","modified_gmt":"2026-05-20T20:00:53","slug":"jacob-rees-mogg-explains-basic-economics-to-labour-as-government-threatens-price-caps-on-food","status":"publish","type":"post","link":"https:\/\/www.newsisc.com\/videos\/jacob-rees-mogg-explains-basic-economics-to-labour-as-government-threatens-price-caps-on-food\/","title":{"rendered":"Jacob Rees Mogg explains BASIC economics to Labour as government threatens price caps on food"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/i4.ytimg.com\/vi\/kHYH2JuEF60\/hqdefault.jpg\" alt=\"Jacob Rees Mogg explains BASIC economics to Labour as government threatens price caps on food\"><br \/> <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/kHYH2JuEF60\" frameborder=\"0\" allowfullscreen><\/iframe> <\/p>\n<p>Beat the system with TallyMoney. Gold you can spend. Discover more here:<br \/>\nhttps:\/\/click.tallymoney.com\/A64P\/df08xa5e #ad   <\/p>\n<p>Jacob Rees-Mogg warns that Labour\u2019s reported plans to introduce price caps on basic foods could have devastating consequences for the UK economy. Speaking on the growing debate around government intervention in supermarkets, Rees-Mogg argues that controlling prices may sound appealing politically, but history shows it can quickly lead to shortages, panic buying, and economic disruption. \u201cLet\u2019s hope the government has the wit and wisdom to not follow this route,\u201d he says.<\/p>\n<p>The former Cabinet minister explains why interfering with market pricing could create \u201cempty shelves\u201d and \u201clong queues\u201d across Britain, drawing comparisons to failed economic policies seen in other countries. Rees-Mogg lays out what he calls \u201cbasic economics\u201d as he criticises Labour\u2019s approach to tackling the cost of living crisis and rising food prices. The discussion centres on whether government-imposed controls would actually help struggling households \u2014 or make matters significantly worse.<\/p>\n<p>Economic journalist Mani Basharzad also reacts to reports that the Treasury is encouraging supermarkets to consider voluntary price caps on essential food items. Basharzad questions whether such measures would reduce inflation or simply create new problems for businesses and consumers alike.<\/p>\n<p>#labour  #pricecap  #economy  <\/p>\n<p>The purchase of gold and investment in bullion is not FCA regulated nor do they benefit from the protections of the Financial Services Compensation Scheme or the Financial Ombudsman Service. The value of your investment can go down as well as up. Consider the risks involved before choosing to invest. This card is issued by Transact Payments Limited pursuant to licence by Mastercard International Incorporated <\/p>\n<p>Keep up to date with GB News at gbnews.com or on X @GBNEWS<\/p>\n<p>Become a Friend of GB News: gbnews.com\/friend<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Beat the system with TallyMoney. Gold you can spend. Discover more here: https:\/\/click.tallymoney.com\/A64P\/df08xa5e #ad Jacob Rees-Mogg warns that Labour\u2019s reported plans to introduce price caps on basic foods could have devastating consequences for the UK economy. Speaking on the growing debate around government intervention in supermarkets, Rees-Mogg argues that controlling prices may sound appealing politically, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":345307,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[128957],"tags":[139537,133572,128994],"actors":[],"class_list":["post-345306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gbnews","tag-beat","tag-system","tag-with"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Jacob Rees Mogg explains BASIC economics to Labour as government threatens price caps on food | News ISC Videos<\/title>\n<meta name=\"description\" content=\"Watch Jacob Rees Mogg explains BASIC economics to Labour as government threatens price caps on food for free, here on News ISC. 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