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Veteran retail boss Stuart Rose has warned the government of “unintended consequences” around encouraging supermarkets to impose price caps on food Asda chairman Lord Rose, who also ran Marks and Spencer and chaired Ocado, said “you can’t interfere in the markets” and warned of the “unintended consequences” of “relatively clumsy things”.
Northern Ireland’s 24 KFC restaurants now have their third owner in as many years as a result of a £2bn deal by supermarket giant Asda.
Targeted help, such as increased welfare payments, and a VAT cut are among measures the government could consider introducing to tackle soaring food inflation.
Regulators plan to probe Asda's £2.3billion deal for a petrol station operator amid fears it could push up fuel prices.
Asda's chairman tells our Economics Correspondent Helia Ebrahimi that he believed the government's plan to cap prices for basic foods is a political stunt - which could be illegal.