Supermarkets 'encouraged to cap food prices' by government
Supermarkets in the UK are being encouraged by the government to introduce price caps on key products, such as eggs, bread and milk, in return for the easing of some regulations, it has been reported.
The UK's largest supermarkets are calling on the chancellor to exclude stores from a new business rates surtax, warning that shoppers will bear the brunt of higher prices.
Higher prices could last for more than eight months after the Iran war ends, the prime minister's right-hand man has said as ministers step up efforts to offset potential impacts to food and fuel supplies....
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