Supermarkets could be encouraged to cap the cost of some basic products like bread and milk.
Government plans to encourage supermarkets to impose price caps on food staples to help with the cost of living will have no “element of compulsion”, a cabinet minister has said.
It could mark the biggest intervention on pricing since controls introduced by Edward Heath in the 1970s, the paper reported – though No 10 stressed any scheme would be voluntary. Barclay acknowledged small family-run businesses would themselves be under “significant pressure” and stressed that the plans were “not about any element of compulsion”.A No.10 source said the proposal is at “drawing board stage” but would not involve government-imposed price controls.
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