🤔 How would a food price cap actually work? The Government is discussing plans to introduce a cap on the price of basic food items being sold in supermarkets ⬇️ luciemheath explains
The Government has made clear that it will only introduce food caps on a voluntary basis, meaning it would be up to supermarkets to decide whether to opt in.As the plans are still in early stages, it is not yet clear what food items would be covered by a food price cap, although this is likely to beThe scheme could be modelled on a similar agreement introduced in France in March this year, which allows supermarkets to select which items to cap.
However, others have argued that supermarkets have been failing to bring down the price of food as inflationary pressures in other areas have eased.
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