Supermarkets may be asked to freeze the prices of essential goods in an attempt to help people deal with the impact of the Iran war according to reports
The Chancellor Rachel Reeves is said to be pressuring major supermarket groups to introduce voluntary price caps on key products, such as eggs, bread and milk, in return for easing some regulations including over packaging and restrictions on unhealthy foods
A spokesperson for the Treasury said: “The chancellor has been clear we want to do more to help keep costs down for families, and will set out more detail in due course.”
According to the Financial Times Supermarkets reacted “furiously”, telling ministers to instead focus on addressing policies contributing to inflation
