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M&S and Asda Bosses Slam Price Cap Idea as 'Completely Preposterous'

Retail leaders rejected the idea, while Treasury minister Dan Tomlinson said the government is not planning mandatory intervention.

Summary by bucksfreepress.co.uk
A Government minister denied any plans for price caps but confirmed ongoing discussions with supermarket chains.

4 Articles

bucksfreepress.co.ukbucksfreepress.co.uk
+2 Reposted by 2 other sources
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M&S and Asda bosses slam price cap idea as 'completely preposterous'

A Government minister denied any plans for price caps but confirmed ongoing discussions with supermarket chains.

·High Wycombe, United Kingdom
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The CanaryThe Canary
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M&S boss calls essential food price caps "preposterous" in a 'let them eat cake' moment

M&S chief executive Stuart Machin is calling reported discussions by the UK Treasury to cap the prices of essential goods "preposterous."

·United Kingdom
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The Canary broke the news in United Kingdom on Thursday, May 21, 2026.
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