BBC Expert Compares Government Plan To Cap Supermarket Prices To Venezuela

19 hours ago 3

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Shoppers buy food in a supermarket in London.Shoppers buy food in a supermarket in London.

A government plan to ask supermarkets to voluntarily cap the prices of certain products to tackle the cost of living crisis has echoes of Venezuela, according to the BBC’s business editor.

Simon Jack said it could even lead to food shortages amid a mounting backlash to the idea.

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