L

Lord Purvis of Tweed (LD)

Speaking in the House of Lords on 20 May 2026

Debate

Supermarkets: Voluntary Price Caps

Contribution

My Lords, if the House allows me, I will quote a headline from the Daily Telegraph: “Rishi Sunak scraps plan for supermarket price cap after backlash … Downing Street had been considering a voluntary cap scheme for major supermarkets, modelled on similar plan in France”. In the Government coming to the conclusion that this would be the wrong way forward, instead of going back 50 years we can go back to 2023. What did the current Government learn from the attempt under Rishi Sunak as Chancellor to introduce the very caps that have been described by those on the right-hand side as Stalinist?

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