FDF STATEMENT ON PROPOSAL OF PRICE CAPS

FDF statement on proposal of price caps. The Food and Drink Federation (FDF) commented on proposals of voluntary price caps on food for supermarkets.

FDF Spokesperson statement

“Government needs to focus on the root causes of rising food inflation, not the symptom. We don’t believe the answer is a price cap and it’s not clear to us how those proposals would work in practice.

“For food and drink manufacturers, we need government to prioritise regulation so it doesn’t all come at once, and ensure it’s going to have the intended outcome. Too much regulation is too complex and too costly to implement, which is taking up businesses’ time, resources and focus while they’re also grappling with a global energy shock. We need this to protect the long-term resilience of the food sector, to ensure we can attract investment, and to help us keep a lid on food inflation.”

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