Supermarket price caps would amount to ‘state control’, says ex-Asda boss

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleLord Stuart Rose, a former Asda boss and member of the Lords, has criticised reported government plans for price caps on essential groceries, labelling them "idiotic" and "unworkable". He warned that such measures would "backfire" on the government and suggested they smacked of "state control". Reports indicate the Treasury is urging supermarkets to limit food price increases, fearing the Iran war will exacerbate the cost of living crisis for households. Treasury minister Dan Tomlinson has denied the government is considering imposing price caps, stating they are exploring alternative ways to support households. New ONS data shows CPI inflation dropped to 2.8 per cent, though experts anticipate this progress will likely be halted by the ongoing conflict in Iran. In fullPolitics latest: Former Asda boss slams ‘idiotic, unworkable’ reports of supermarket price capsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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