Households would be forced to spend almost £700 a year more on their food bills if supermarket supply chains were broken up, new figures suggest, after a Tory MP declared war on the grocers. Analysis of Kantar figures by The Telegraph suggests a shift away from supermarkets would have drastic consequences for consumers, who typically…
The Conservative Party’s row with business escalated sharply on Sunday after a Tory MP claimed the breakdown of supermarket supply chains is in the “long-term interest” of the British economy despite fears of food shortages. As the economy is being crippled by driver shortages and supply bottlenecks that have left gaps on supermarket shelves, Chris Loder, Conservative…
Morrisons is at risk of being loaded with debt and stripped of its property portfolio, one of the City’s of London’s biggest institutions has warned in an unusual public rebuke to the buyout consortium that has agreed to acquire the supermarket in a £9.5bn deal. In an escalation of tensions between public and private equity…
