The Papers: 'Cap prices on staple foods' and 'Strictly's triple twist'
Treasury officials are urging supermarkets to implement voluntary price caps on staple groceries to alleviate food inflation. This proposal has sparked significant backlash from grocers, who are concerned about the implications of such a policy. Meanwhile, the government is also addressing rising energy costs and other cost-of-living issues.
- ▪Food inflation reached 3.7% in April, prompting government intervention.
- ▪Supermarkets that agree to price caps on essential items may see reduced regulations.
- ▪The SNP has announced similar price cap plans for essential goods in Scotland.
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'Cap prices on staple foods' and 'Strictly's triple twist'Just nowShareSaveAdd as preferred on GoogleTreasury officials are "pushing big supermarkets to introduce voluntary price caps on staple groceries in return for lifting some regulations", the Financial Times reports, after food inflation hit 3.7% in April. Quoting those "close to the situation", the paper writes that grocers who cap the cost of "essential goods such as eggs, bread and milk" could see fewer packaging and healthy food regulations.
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