What’s happening?
The government is reportedly drawing up plans for price caps on basic food items, such as bread and milk, to help tackle the rising cost of living. Rishi Sunak’s aides are working on a deal with supermarkets, along the lines of a similar agreement in place in France, under which the country’s major retailers would charge the “lowest possible amount” for a range of staple goods. Downing Street says that the proposals were at a “drawing board” stage, and that any price controls would be voluntary. The news follows disappointing inflation figures published in late
