Supermarket price caps are "economically illiterate."

0:00
this most economically illiterate
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intervention from the Chancellor that I
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have ever heard of. Rachel Reeves,
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Treasury officials, talking to
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supermarkets. What we understand is that
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they were proposing to pull back on some
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of the more onerous regulations and red
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tape that they've wrapped the retail
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sector in in exchange for some sort of
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publicly declared voluntary cap on the
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price of bread and milk, etc., etc. The
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retail chiefs involved in those
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discussions were not happy, and they
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were right to be unhappy about this most
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economically illiterate intervention
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from the Chancellor that I have ever
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heard of. Nothing could indicate more
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the extent to which they've lost grip of
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economic principles and lost touch with
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reality.

Supermarket price caps are "economically illiterate."

City AM

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Supermarket price caps are "economically illiterate."

City AM