The Price Control Paradox: A Recipe for Disaster? The UK government's proposal to limit food prices by urging supermarkets to freeze price rises on key groceries has sparked a heated debate in the retail industry.
On the surface, it seems like a well intentioned move to address rising costs and inflation. However, scratch beneath the veneer, and you'll find a policy that threatens to stifle competition and drive up costs.
The British Retail Consortium (BRC) warns of "1970s style price controls" that would force retailers to sell goods at a loss.