Sources say the proposals to help with the cost of living crisis are 'at drawing board stage'
Downing Street is believed to be drawing up plans to encourage supermarkets to introduce voluntary price caps on food staples in a bid to help with the cost-of-living crisis, according to reports emerging today.
A Treasury source told the Sunday Telegraph: “Food inflation is much more resilient and difficult to get rid of than we anticipated.”Supermarkets are expected to be allowed to select which items they would cap and only take part in the initiative, modelled on similar agreement in France, on a voluntary basis, the paper reported.
Though down from 10.1%, the Consumer Prices Index of inflation remains stubbornly high at 8.7%, while experts have warned that alarmingly expensive food is set to overtake energy bills as the “epicentre” of the cost-of-living crisis. It comes as UK inflation dipped to 8.7 per cent in the 12 months to April as the measure of price rises finally slips out of double digit figures, it was revealed today.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
My 'cursed' car rammed the gates at 10 Downing Street says stunned Glasgow manJonny McFarlane couldn't believe it when his unreliable Kia Ceed turned up on the news
Read more »
Boris Johnson has made £4m since leaving Downing Street but missed 187 Commons votesBoris Johnson has been in Las Vegas this week on the latest leg of a world speaking tour that has earned him millions but seen him out of the country for important Parliamentary business 🔎 Big Read by RichardVaughan1
Read more »
Man arrested after car hit gates of Downing Street released under investigationBREAKING: A man who was arrested by armed police after his car hit the gates of Downing Street has been released under investigation.
Read more »
Man arrested over Downing Street crash charged with making indecent child imagesBREAKING: A man arrested after a car crashed into the gates of Downing Street has been released under investigation, the Metropolitan Police has said. Read more here 👉 📺 Sky 501, Virgin 602, Freeview 233 and YouTube
Read more »
Man arrested after crashing into Downing Street gates separately charged with making indecent images of childrenA man who was arrested on suspicion of criminal damage and dangerous driving after a car crashed into the gates of Downing Street has been released under investigation.
Read more »