Supermarkets: Voluntary Price Caps Debate

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Department: HM Treasury

Supermarkets: Voluntary Price Caps

Baroness Walmsley Excerpts
Wednesday 20th May 2026

(2 months, 1 week ago)

Lords Chamber
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Lord Kennedy of Southwark Portrait Captain of the Honourable Corps of Gentlemen-at-Arms and Chief Whip (Lord Kennedy of Southwark) (Lab Co-op)
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It is the turn of the Conservative Benches next, and then of the Liberal Democrat Benches.

Lord Livermore Portrait Lord Livermore (Lab)
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That may be subject to UK internal market and single market regulations. I am happy to check and confirm that to the noble Lord. As I have said, this is not about price caps, as some speculation has suggested, and we would never advocate for that.

Baroness Walmsley Portrait Baroness Walmsley (LD)
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My Lords, does the Minister agree that any deal that the Government might do with the supermarkets to cut prices in exchange for delaying regulations on healthy food would be short-sighted, against public health and damaging to the NHS?

Lord Livermore Portrait Lord Livermore (Lab)
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I absolutely understand the importance of the regulations that the noble Baroness is talking about. As her noble friend said, this is about what we as a Government can do, such as easing existing regulations on supermarkets, which would then enable them to keep costs down for consumers.