https://birminghamdaily.co.uk/tags/pricecaps/Recent content in pricecaps on Birmingham DailyHugo -- gohugo.ioen-usThu, 21 May 2026 05:46:11 +0000https://birminghamdaily.co.uk/voluntary-price-cap-proposal-on-food-staples-by-uk-supermarkets-cancelled/Thu, 21 May 2026 05:46:11 +0000https://birminghamdaily.co.uk/voluntary-price-cap-proposal-on-food-staples-by-uk-supermarkets-cancelled/A proposed government initiative suggesting voluntary price caps on staple food items such as bread, milk, and eggs in leading UK supermarkets—including Asda, Sainsbury’s, Morrisons, Tesco, Aldi, and Lidl—has been scrapped following significant opposition. The plan, advocated by the Labour Party government, aimed to ease the cost burden on consumers amid rising inflation. However, it faced sharp criticism from retail leaders and financial experts alike. Stuart Machin, CEO of Marks and Spencer, dismissed the proposal as “completely preposterous,” while Clive Black, head of research at Shore Capital, labeled it as “lazy, populist scapegoating,” highlighting government policies as the primary inflation drivers.