![]() That’s despite the fact that the report had, by all accounts, been ready to roll two weeks ago. The release landed on journalists’ desks a day after figures showed food inflation is continuing to fall, albeit much more slowly than politicians would like. Today comes the proof, or rather lack of it, with the CMA issuing a report effectively clearing supermarkets of any wrongdoing, even though many argued the verdict was obvious before the short trial began.Īgain, though, the timing was important. If it looked like the government wanted to be seen to be doing something to safeguard hard-pressed shoppers, that’s because it undoubtedly was just that. We first heard the Competition & Markets Authority (CMA) would be probing allegations of “profiteering” by the big supermarkets on the eve of Rishi Sunak’s food industry summit in May. Timing, it seems, is everything these days, but especially when it comes to announcements from the competition watchdog. ![]() ![]() ![]() Lumina Intelligence: UK Food & Drink Reports. ![]()
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