Monday's front page: Supermarket bosses hit back at PM's plan to cap food prices From singharj + DavidConnett1: TomorrowsPapersToday
Ministers have not yet formally discussed the proposals with retailers and the idea did not come up during Chancellor Jeremy Hunt’s roundtable with supermarkets last week.
But a Government spokeswoman stressed: “The Government is not considering imposing price caps. “Any scheme to help bring down food prices for consumers would be voluntary and at retailers’ discretion.” They believe it would be better to wait for a Competitions and Markets Authority report on competition between supermarkets,Bill Grimshaw, the former CEO of Iceland, said a price cap may not work. But he appeared to acknowledge that supermarkets could compete harder to bring down prices.“I do think there is a need for some action at this point because I don’t think the market is working as well as it should. I don’t see the supermarkets fighting each other [for customers] as much as they should.
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