Supermarkets Hit Back Over Pressure to Cap Price of Milk, Bread, and Eggs The British government's plan to alleviate pressure on household budgets by capping prices on essentials like milk, bread, and eggs has been met with a unified chorus of disapproval from the retail sector.
Treasury Secretary Dan Tomlinson's claim that supermarkets would not be forced to cap prices but rather encouraged to do so voluntarily was dismissed as "completely preposterous" by Marks & Spencer's chief executive Stuart Machin.
The government's lack of a clear plan to implement and enforce such a scheme is hardly surprising, given the sector's long history of fierce competition.