UK supermarkets race to lower prices amid cost pressures
Supermarkets in the UK are lowering the prices of hundreds of essential food items in a bid to keep costs down for customers this summer.
Supermarkets in the UK are lowering the prices of hundreds of essential food items in a bid to keep costs down for customers this summer.
Waitrose has unveiled that it has cut prices on over 200 everyday summer products with half of the products now at least 10% cheaper.
News that the Government may be looking at plans to introduce a price cap on basic food items has been dismissed by The British Retail Consortium.
The Chancellor met with food manufacturers on 23rd May to raise concerns about the high price of food in the UK.
The CMA is to step up its work in the grocery sector to spot if failure in competition is contributing to grocery prices being too high.