Sunak ‘to urge supermarkets to cap price of food basics amid …

May 27, 2023 · Sunak ‘to urge supermarkets to cap price of food basics amid inflation’ The scheme would reportedly aim to get retailers charging the lowest possible amount for some …

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FAQs about Sunak ‘to urge supermarkets to cap price of food basics amid … Coupon?

Why is Rishi Sunak asking supermarkets to put price caps?

Rishi Sunak is reportedly set to ask retailers to place price caps on basic foods items, such as bread and milk, in an attemptto battle skyrocketing food inflation. Downing Street aides are plotting a deal with supermarkets, similar to an agreement in France, where consumers are charged the lowest amount possible for food staples it is claimed. ...

Should supermarkets impose price caps on basic foods?

The government’s plans to encourage supermarkets to impose voluntary price caps on basic foods has been met with heavy criticism. Rishi Sunak is understood to be drawing up proposals asking retailers to limit the amount shoppers pay for essential items such as bread and milk to help with the cost of living crisis. ...

What is Rishi Sunak's deal with supermarkets?

Rishi Sunak’s aides have started work on a deal with supermarkets akin to an agreement in France in which the country’s major retailers charge the “lowest possible amount” for some essential food products. The move would amount to the biggest attempt to manage supermarket prices since controls established by Edward Heath in 1973. ...

Is Mr Sunak planning to talk about the state of the economy?

Mr Sunak is reportedly planning to speak about the state of the economy this week. The cap on food prices would signal a move to a French-style agreement. France's government made a deal with supermarkets in which shops identified items that would be subject to price freezes or reductions. ...

Should supermarkets impose price caps on food staples?

owning Street is drawing up plans to encourage supermarkets to introduce voluntary price caps on food staples in a bid to help with the cost-of-living crisis. The scheme would aim to get retailers charging the lowest possible amount for some basic products like bread and milk, the Sunday Telegraph reported. ...

Why is No10 planning a deal with supermarkets?

No10 is planning to make a deal with supermarkets asit becomes increasingly worried the cost-of-living crisis gripping Britain could derail the Tories’ slim hopes of winning the next general election Desperate Rishi Sunak is drawing up plans for supermarkets to cap the price of basic food items such as bread and milk. ...