Rishi Sunak and Jeremy Hunt have accused supermarkets of profiteering from high inflation rates as they threaten a major crackdown on prices RichardVaughan1 reports
The worrying economic outlook has prompted the Prime Minister, the Chancellor and the head of the Bank of England, Andrew Bailey, to warn supermarkets they face a clampdown amid concerns they are failing to show falling energy and supply chain costs in their prices.
“Next week, I will meet with regulators to discuss how we can make sure falls in input costs are passed onto consumers. I will discuss what action regulators are taking, and how we go further to reduce inflation and ease the impacts of the cost of living.”
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