UK supermarkets urged to consider voluntary price caps on essential foods
UK supermarkets are being urged by the government to consider voluntary price caps on essential food items to combat inflation. Retailers have largely rejected this proposal, citing concerns over rising costs and potential negative impacts on overall prices. The Scottish National Party has also proposed price controls on certain food items, which has been met with skepticism from the retail sector.
- ▪The UK government has asked supermarkets to consider price freezes on essential foods due to inflation concerns.
- ▪Retailers criticized the proposal, arguing it could lead to higher overall prices for consumers.
- ▪The Scottish National Party has pledged to fix prices on a range of essential items, which retailers have dismissed as impractical.
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One supermarket source said retailers had not been formally asked to control prices but that a plan had been discussed for them to stock at least one version of basic items such as bread, milk and butter at a set low price. Photograph: Andy Rain/EPAView image in fullscreenOne supermarket source said retailers had not been formally asked to control prices but that a plan had been discussed for them to stock at least one version of basic items such as bread, milk and butter at a set low price.
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