Supermarket Bosses Reject Calls For Price Caps On Food
The Independent|June 28, 2023
Supermarket bosses have rejected calls for price caps on products and denied claims of "grotesque profiteering" during a grilling by MPs
ARCHIE MITCHELL
Supermarket Bosses Reject Calls For Price Caps On Food

Executives from four of Britain's biggest grocers were quizzed over rising prices and whether they are using inflation as an excuse to boost their profits. They were also asked about the potential for price caps on some foods to help protect shoppers from spiralling costs.

But bosses from Tesco, Sainsbury's, Asda and Morrisons mounted a staunch defence of the sector, insisting it remains "fiercely competitive". The representatives said they had not passed on all the costs of supply chain inflation to their customers, absorbing some of the shock in a hit to their own profits.

هذه القصة مأخوذة من طبعة June 28, 2023 من The Independent.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة June 28, 2023 من The Independent.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE INDEPENDENT مشاهدة الكل
Fiji claim historic Cardiff win to deepen Welsh crisis
The Independent

Fiji claim historic Cardiff win to deepen Welsh crisis

Wales slumped to a record-equalling 10th successive Test match defeat as Fiji claimed a 24-19 Autumn Nations Series victory in Cardiff.

time-read
2 mins  |
November 11, 2024
Bold Scotland fail to stop steady Springbok charge
The Independent

Bold Scotland fail to stop steady Springbok charge

Scotland produced a spirited display but lacked the guile to get over the line as they went down to a 32-15 defeat by world champions South Africa at Murrayfield. Three first-half tries – two from Makazole Mapimpi either side of an opportunist score from Thomas du Toit – gave the Boks a 19-9 interval lead after the Scots had the double setback of a 20-minute red card for Scott Cummings and a Ben White try chalked off.

time-read
3 mins  |
November 11, 2024
Arsenal stop rot at Chelsea but Liverpool real winners
The Independent

Arsenal stop rot at Chelsea but Liverpool real winners

One of those games where, as entertaining as it ended up, it’s hard not to look to those who weren’t on the pitch. That isn’t even Bukayo Saka, who had to go off injured. It is, of course, Liverpool, with the leaders having extended the gap over both Manchester City and Arsenal this weekend.

time-read
4 mins  |
November 11, 2024
Emotional Cavendish bows out with a trademark finish
The Independent

Emotional Cavendish bows out with a trademark finish

Sir Mark Cavendish sprinted to victory in his final race in professional cycling yesterday, bringing to an end a glittering career that will see him immortalised in the history of the sport.

time-read
3 mins  |
November 11, 2024
BUY NOW PANIC LATER
The Independent

BUY NOW PANIC LATER

From tech to takeaways, if you don't have to pay it all now, why not splash out? Ellie Muir looks at the payment service Klarna and how it has enticed her and millions of others

time-read
6 mins  |
November 11, 2024
Joy, pain and awkward truth behind every climber's tale
The Independent

Joy, pain and awkward truth behind every climber's tale

Everest is there for the conquering but Rod Ardehali finds distressing stories of overcrowding, pollution and locals who disappear from view after helping climbers reach their dream

time-read
7 mins  |
November 11, 2024
It's not just bad weather that challenges our winemakers
The Independent

It's not just bad weather that challenges our winemakers

November is a time when many vineyards across the northern hemisphere can let out a deep sigh of relief.

time-read
3 mins  |
November 11, 2024
There's no benefit in playing chicken with Trump on trade
The Independent

There's no benefit in playing chicken with Trump on trade

This week Rachel Reeves will use her Mansion House speech in the City of London to \"promote free and open trade between nations\".

time-read
4 mins  |
November 11, 2024
Dutch police use hologram to hunt sex worker's killer
The Independent

Dutch police use hologram to hunt sex worker's killer

In Amsterdam's red light district, a hologram of a woman who was brutally murdered 15 years ago stares back at you through a window. The life-sized rendering of 19-year-old sex worker Bernadett “Betty” Szabo leans forward and breathes on the glass, unveiling the word “help”.

time-read
2 mins  |
November 11, 2024
Russia losing 1,500 soldiers a day, claims UK army chief
The Independent

Russia losing 1,500 soldiers a day, claims UK army chief

Daily death toll at its highest since the start of war in Ukraine

time-read
3 mins  |
November 11, 2024