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UK food price cap will not make a difference - retailers
Government plans to introduce a cap on the price of basic food items will not help tackle the rising cost of living, retailers have warned. The British Retail Consortium (BRC) said the measures would not make a "jot of difference" and could thwart efforts to cut inflation. A voluntary agreement with major retailers could see price reductions on basic food items like bread and milk. There are no plans for a mandatory price cap, No 10 sources have stressed. The idea of a cap or freeze on basic food items, as first reported by the Daily Telegraph, is said to be at the "drawing board stage". Supermarkets are ... (full story)