The Rishi Sunak administration appears to be sounding out what would be the biggest intervention on food pricing in supermarkets for decades after last week’s troubling inflation figures.
Over the weekend, the Sunday Telegraph quoted a Treasury source as saying that the government was at the “drawing board stage” for plans to get retailers to sign up to a voluntary price cap on staple foods, like milk and bread. The scheme, which aims to reduce food inflation, would be similar to one currently in place in France.
But what might it look like in the UK and would it work?