Recently there have been sharp rises in food prices in the UK and around the world, driving millions of people into poverty and hunger. One of the reasons for this is that big banks have been betting on prices in order to make a quick buck.
The Brighton and Hove World Development Movement group has been taking part in a long campaign to curb food speculation. So we are delighted that European legislation to stop banks gambling on hunger has finally been agreed.
Campaigning for change can be hard work. But when you win, it makes the letter-writing, meetings with MPs and MEPs, organising public talks, and dressing up in costumes to get the issue across to the public, all worthwhile. Excessive gambling is never good so I’m also looking forward to Governments curbing the huge risks that have been taken with the climate now that the results seem to be flooding in.