Chris Johns

And foreign policy will be all that he can do.

The domestic agenda gets gummed up.

And this often happens to U.S.

presidents.

And the last two years is just, you know, lame duck ish from a domestic point of view.

And maybe he's reconciled to that and he's determined that his legacy is going to be Iran.

It seems an odd decision, but he's a very odd man, isn't he?

Their cost base is much higher and they're unable to negotiate the big price discounts that the big retail chains usually can do.

But there are other reasons, of course, why food prices...

And US inequality is worse than the inequality in the UK that I spoke about earlier on.

And there's a lot of it in New York, absolutely.

I would have thought that allowing supermarkets would be a more effective policy for getting prices down than what the new mayor is doing.

My guess is that what he's doing

may depress prices for a while, but these sorts of things have a long, long history of not working.

Absolutely.

Yeah.

Yeah, there's too much inflation in the pipeline now.

We got an announcement here in the UK today.

You may have seen it, the way we set domestic household energy prices for gas and electricity.

We do it quarterly, and it's controlled by sort of regulation.