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Daily Record
Daily Record
Politics
Andrew Quinn

Supermarkets reject calls for price cap amid claims shops are profiteering from inflation

Supermarkets have rejected calls for a price cap and denied they have been making excessive profits during the cost-of-living crisis.

Food bosses said supermarkets were the “most competitive we have ever been” as they were grilled by MPs on Tuesday.

Senior executives from Tesco, Asda, Morrisons and Sainsbury’s were questioned over extortionate food price rises by members of the Business and Trade Committee.

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