The Papers: 'Don't cap food prices' and '20ft from WW3'
The government's proposal to cap food prices has faced significant backlash, with Bank of England Governor Andrew Bailey warning it could lead to an unsustainable economy. Following criticism, the Chancellor has reportedly backed down from the proposal, with supermarkets expressing concerns over their losses. Meanwhile, tensions rise as Russian pilots reportedly flew dangerously close to an RAF jet over the Black Sea, raising fears of escalating conflict.
- ▪Bank of England Governor Andrew Bailey warned that capping food prices could create a distorted economy.
- ▪The Chancellor has backed down on the proposal after fierce criticism from supermarkets.
- ▪Russian pilots reportedly flew 20ft from an RAF jet, prompting concerns about escalating tensions.
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| Original publisher | BBC News — UK |
| Canonical URL | https://www.bbc.com/news/articles/cwy21d7ye89o?at_medium=RSS&at_campaign=rss |
| Publication time | Thu, 21 May 2026 00:03:05 GMT |
| Retrieval time | 2026-05-21T00:10:03.225Z |
| Last seen | 2026-05-21T00:10:03.225Z |
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| Cluster | rBeCRK6iCjla · 2 stories |
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| Publisher visit | Yes — open original |
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'Don't cap food prices' and '20ft from WW3'6 minutes agoShareSaveAdd as preferred on GoogleA backlash against the government's floated proposal to cap food prices leads the Daily Telegraph, topping with Bank of England Governor Andrew Bailey's warning it could be "unsustainable" and "risked backfiring". Addressing MPs at a select committee, Bailey says the measure would mean "effectively artificially moving prices relative to costs", creating what another official calls a "highly distorted" economy, the paper writes. A cheering Prince of Wales also appears on the front page under the caption "William wills Villa to victory", as he celebrates Aston Villa's 3-0 victory against Freiburg.The Times' main story also headlines with the Bank of England chief's "attack on freezing food prices".
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