Supermarkets urged to limit food prices by government
The UK government is urging supermarkets to voluntarily limit food prices in exchange for regulatory easements. Key groceries such as eggs, bread, and milk may be subject to these price caps. Supermarkets have expressed strong opposition to the proposals, which follow similar pledges from the Scottish National Party.
- ▪The government is proposing voluntary price caps on essential groceries.
- ▪Supermarkets are reportedly opposed to the government's plans.
- ▪The Treasury may ease packaging policies in exchange for price limits.
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Supermarkets urged to limit food prices by governmentJust nowShareSaveAdd as preferred on GoogleSimon JackBusiness editorGetty ImagesUK supermarkets are being urged by the government to limit food prices in return for easing regulations, the BBC understands.It is thought any price caps would be voluntary and apply to key groceries – such as eggs, bread, and milk - according to retail industry sources with knowledge of the plans.In exchange, the Treasury may ease packaging policies and potentially delay rule changes around healthy food.Supermarkets are understood to be strongly opposed to the plans.
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