Local papers highlight food speculation

Local papers highlight food speculation

Date: 5 April 2013

During the last couple of weeks WDM supporters from all over the country have written to their local newspapers as part of the Bankers Anonymous campaign. As a result, readers’ letters about food speculation have been published across the UK sending a strong message that food is for eating, not for bankers’ profit. This is helping to increase the pressure on MPs and MEPs to support new tougher European regulations to help bankers beat their habit of gambling on hunger.

In the Bradford Telegraph and Argus Heather Grinter writes, “High food prices are a serious problem across the world. People on lower incomes in the UK are having to cut back their weekly grocery shopping, while in poorer countries high food prices can be a matter of life and death.”

And in the South Wales Evening Post Maggie Vicuna writes, “Banks like Goldman Sachs are making millions speculating on the future price of food crops, and this has the effect of driving up prices. So, to tackle high prices, we must curb this excessive speculation.”

It’s not too late to join the campaign and put some pressure on your local MP to act to curb food speculation. Please send a letter to your local newspaper today.