Rishi Sunak's plans to encourage supermarkets to impose price caps on basic foods has been met with heavy criticism 👀 ‘Rather than recreating 1970s-style price controls, the government should focus on resources to keep prices as low as possible.’
But the UK’s major supermarkets have condemned the idea, while at least two cabinet ministers are also said to oppose the policy.
‘As commodity prices drop, many of the costs keeping inflation high are now arising from the muddle of new regulation coming from government. Downing Street plans to encourage supermarkets to introduce price caps on basic items such as bread and milk They told The Telegraph: ‘There is an international market for wheat and it is quite expensive after what’s happened in Ukraine.
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