The UK government has asked supermarkets to voluntarily freeze prices on essential foods to protect consumers from inflation, offering regulatory relief as an incentive. Supermarket executives rejected the proposal as costly and counterproductive, arguing it could push up prices overall and that the government should instead reduce public policy costs driving food inflation.
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The UK government has asked supermarkets to voluntarily freeze prices on essential foods to protect consumers from inflation, offering regulatory relief as an incentive. Supermarket executives rejected the proposal as costly and counterproductive, arguing it could push up prices overall and that the government should instead reduce public policy costs driving food inflation.