Retailer price rises are a commercial decision - May's spokeswoman

Retailer price rises are a commercial decision - May's spokeswoman
 

How retailers respond to the fall in sterling since Britain's June vote to leave the European Union is a commercial decision, British Prime Minister Theresa May's spokeswoman said on Thursday.
Britain's biggest retailer Tesco (TSCO.L) has pulled Unilever goods such as Marmite from its website in a pricing row sparked by the Brexit-induced plunge in the pound.
Asked whether the government was concerned about companies using the fall in sterling as a reason to put up prices, May's spokeswoman said: "It is a decision for companies how they market and sell their products ... It is a... read more

 
13 October 2016 in Business, Views: 35
Source: Reuters
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