This is a good answer. That said...the UK doesn't have anywhere near enough agriculture to feed everyone, so "British Butter" isn't an option. Sometimes a lack of supply isn't an import-export problem but a "Physically can't produce enough" problem.
I'm not sure we've had an industrialised country suffer runaway staple food prices since German Hyperinflation.
EDIT: YOu actually answered this below but I have a new question. Isn't the UK dependent on inputs like agricultural feed, even if there's enough land?
Fwiw, the Australian Wheat Board still kind of exists. It was privatised by the Howard Government, ostensibly as a Co-Operative. But of course it was set up to fail by having the class B shares become class A ones over time, and is now owned by a major Canadian agricultural firm.
This is a good answer. That said...the UK doesn't have anywhere near enough agriculture to feed everyone, so "British Butter" isn't an option. Sometimes a lack of supply isn't an import-export problem but a "Physically can't produce enough" problem.
I'm not sure we've had an industrialised country suffer runaway staple food prices since German Hyperinflation.
EDIT: YOu actually answered this below but I have a new question. Isn't the UK dependent on inputs like agricultural feed, even if there's enough land?
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A really good summary, thanks.
Fwiw, the Australian Wheat Board still kind of exists. It was privatised by the Howard Government, ostensibly as a Co-Operative. But of course it was set up to fail by having the class B shares become class A ones over time, and is now owned by a major Canadian agricultural firm.
deleted by creator