Global food prices are soaring, pushing many more of the world’s poorest people into hunger.
Financial speculators are rushing to cash-in on rising prices. Experts predict that betting on the cost of food will push prices through the roof, as it did in 2008 and 2011. This is just plain wrong. We’ve teamed up with the stars of BBC 3’s ‘The revolution will be televised’ to spoof the UK’s leading food speculator, Barclays, to show just how scandalous this is.
The banks can be stopped. Right now there is a real opportunity to prevent speculation contributing to future food crises. On 13 November, Europe’s finance ministers will vote on new rules to stop speculators pushing up prices.
But the UK government is firmly opposed to regulation and could scupper the vote. We need mass public pressure to change Chancellor George Osborne’s mind.
Please help us show George Osborne that the UK public wants him to vote for strong limits to tackle food speculation – and help prevent bankers betting on hunger. http://www.wdm.org.uk/action/food-speculation-petition
Further reports from WDM and other NGO’s about this theme: