Reeves holds crunch talks with grocery store bosses amid worth fears | Politics | News | EUROtoday

Rachel Reeves and grocery store bosses have agreed to discover learn how to maintain prices down for customers amid the impacts of the Iran battle.

They additionally mentioned methods to spice up provide chains throughout “constructive” talks on Wednesday

Tesco, Sainsbury’s, Aldi, Morrisons, Lidl, Co-Op, M&S, Iceland and Ocado had been represented on the assembly with the Chancellor, in addition to the British Retail Consortium.

A Government spokesman mentioned: “The Chancellor and Environment Secretary [Emma Reynolds]had a positive meeting with Britain’s leading supermarkets to discuss the economic impacts of the war in the Middle East.

“They agreed to work together to explore what more can be done to ease the cost of living for consumers and strengthen supply chains.”

UK farmers and producers have warned that, with out assist from the federal government and assist from retailers, there will probably be worth rises and potential shortages.

Helen Dickinson, chief government on the British Retail Consortium, mentioned: “Retailers had a constructive meeting with the Chancellor.

“Supermarkets are doing everything they can to keep food prices affordable and maintain the ongoing resilience of their supply chains.

“While the conflict in the Middle East means some inflation is inevitable, there are domestic policy levers that Government can pull in order to mitigate some of the inflationary pressures.

“Industry is committed to working with Government to consider these further and on ways it can continue to support British households.”