Asda chair slams ‘backward looking’ supermarket price cap plan

// Asda chair Lord Rose said plans to introduce a price cap in grocery was backward looking
// He defended the industry against claims of profiteeringAsda boss Lord Rose has dismissed suggestions of price capping for supermarkets as “backward looking” and warns that it could lead to “unintended consequences”.
Rose’s follow reports that prime minister Rishi Sunak plans to ask supermarkets to bring in voluntary price caps on essential products to help shoppers handle