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.
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England's selection issues in a defining year for Stokes
Englandâs busiest year of Test cricket finished with a bang. Just not the type they were after.
Jesus scores hat-trick to secure Arsenal comeback
Gabriel Jesus scored a second-half hat-trick as Arsenal staged an impressive fightback to book their place in the semi-final of the Carabao Cup with a 3-2 win against Crystal Palace.
Reds survive late surge to reach Carabao Cup semis
After a full and imposing pre-season under his belt, Liverpoolâs Harvey Elliott had lofty ambitions this season. Could he crack a regular starting spot? The diminutive left-footed playmaker, signed amid so much promise from Fulham five years ago, certainly would not have anticipated his first start of the season coming in mid-December. But on a torrential night on the south coast, Elliott shone brightest as the Carabao Cup holders, ultimately, sneaked through at Southampton last night.
Rashford's love affair with Man Utd nears its sad end
Forward ready for a new challengeâ after baffling slump
Inflation is up again... and it's fired by 'greedflation'
With inflation jumping to 2.6 per cent, is it time to start discussing \"greedflation\"? This was a hot topic a year ago when critics said companies were failing to pass on the falling costs they were benefitting from as inflation came down. Even the Bank of England voiced concern.
Edgar-Jones misses mark in Tennessee Williams classic
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Fergie may be the key to a peaceful palace Christmas
When it comes to royal ructions, Prince Andrew is the gift that keeps on giving. Step forward someone not traditionally known for being the voice of calm, writes Harry Mount
It's no Holiday living in a 'perfect' Cotswolds cottage
If the classic Christmas romcom makes you fantasise about moving to a beautiful old house in the countryside, then Simon Mills, who just did that, has this warning for you
This 'cuspy Waspi' woman is furious at Labour's deceit
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Musk-Farage meeting hands a political gift to Starmer
The talks between Nigel Farage and Elon Musk at Donald Trump's Mar-a-Lago estate in Florida have highlighted the urgent need to reform the UK's archaic rules on how political parties are funded. No money for Reform UK was agreed and Farage described reports of a $100m donation by Musk as \"for the birds\".
