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Lord Livermore (Lab)

Speaking in the House of Lords on 20 May 2026

Debate

Supermarkets: Voluntary Price Caps

Contribution

I agree with the first half of my noble friend’s point but not necessarily the second half—I think there was an “if” in there, which is important. As I have said already, we are taking action across the board to ease the cost of living: we are freezing rail fares and prescription fees, and we have taken £150 off energy bills. These are the driving factors behind today’s bigger than expected fall in inflation, which my noble friend mentioned. Further, today, the Chancellor has extended the 5p cut on fuel duty to the end of the year.

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