Steph McGovern

Right, we're going to go to the episode.

Hello and welcome to The Rest Is Money with me, Steph McGovern.

So loads to talk about today.

We want to bring you up to speed on Reeves' plan to cap food prices in the supermarkets.

We've got the latest on inflation.

What does this all mean for rates and mortgages?

And what is going on with Andy Burnham and Manchesterism?

You're going to explain it to us, aren't you, Robert?

I'm going to try.

Okie doke.

So should we start, first of all, with this plan then to try and cap prices in the supermarket?

So this is a Reeves idea, isn't it?

To try and control what is effectively the cost of living going up so much at the moment.

Yeah, well, I mean, it's interesting, isn't it?

Because I think a lot of the cost pressure for retailers has been, obviously, we've talked a lot about employment costs and things like that.

So the costs for running supermarkets have gone up quite a lot because of labour policies.

So to then ask them to essentially...

potentially make a loss on some of their key products feels like, again, it's businesses being told they've got to be the ones that have to pay for the crisis we're in and for the pressure on families when actually you can't keep hitting businesses all the time.

And I know we talk about supermarkets making great profits and we've had times when we've talked about the Tescopoli and one in every five quid being spent in Tesco and

And all of these other things.