The major supermarket has hit back at the government's call to freeze prices of everyday essentials as other retail leaders have slammed the idea as "idiotic" and "dangerous"

British supermarkets are set to cap prices on everyday essentials like eggs, bread and milk under bold new government proposals - but ministers say this would not be a return to…

The boss of M&S has dubbed government proposals to urge supermarkets to cap the prices of foods as “completely preposterous”.

A Government minister denied plans for price caps but confirmed that it is holding talks with supermarkets amid concerns over rising inflation.

Grocery bigwigs have branded reports of price caps on essential food 'idiotic' but others say action is needed to help millions of cost of living hammered households

A government minister denied any concrete plans for price caps but confirmed ongoing discussions with supermarkets

Marks & Spencer, the Bank of England and the CBI hit out at the Chancellor's suggestion that stores limit the price of essentials such as eggs, bread and milk.

The major supermarket has hit back at the government's call to freeze prices of everyday essentials as other retail leaders have slammed the idea as "idiotic" and "dangerous"

The Government's proposals for supermarket price caps have drawn comparisons to the 1970s and failed policies in Venezuela