Supermarkets: Voluntary Price Caps Debate

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Department: HM Treasury

Supermarkets: Voluntary Price Caps

Lord Redwood Excerpts
Wednesday 20th May 2026

(2 months, 1 week ago)

Lords Chamber
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Lord Redwood Portrait Lord Redwood (Con)
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Will the Minister congratulate the supermarkets on being competitive, with good prices, despite all the costs the Government are imposing on them? Does he agree that their net profit margins are very low, showing that the problem of rising food prices rests elsewhere?

Lord Livermore Portrait Lord Livermore (Lab)
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As I said yesterday in response to similar questions, we want the most competitive supermarket sector we can possibly get, and it is not for the Government to tell supermarkets how to do their jobs.