Retailers hit back at Healey’s ‘profiteering’ threat

cityam

Aug 03

John Healey has followed Rachel Reeves in warning of price-gouging Retailers have hit back at the Chancellor’s warning against profiteering, saying they will prove they have fought hard to keep food ...

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followed Rachel Reeves in warning of price-gouging Retailers have hit back at the Chancellor’s warning against profiteering, saying they will prove they have fought hard to keep food ...</p>\n\n<a href=\"https://www.cityam.com/retailers-hit-back-at-healeys-profiteering-threat/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Retailers hit back at Healey’s ‘profiteering’ threat</title>\n<style 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...</p>\n\n<a href=\"https://www.cityam.com/retailers-hit-back-at-healeys-profiteering-threat/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BRC","symbol_name":"布雷迪","start_time":0,"source_url":"https://www.cityam.com/retailers-hit-back-at-healeys-profiteering-threat/","article_id":"2656375308","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/07/Chancellor-John-Healey-2.jpg?w=286&h=161&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/retailers-hit-back-at-healeys-profiteering-threat/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2656375308","pubTimestamp":1785754502,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"John Healey has followed Rachel Reeves in warning of price-gouging Retailers have hit back at the Chancellor’s warning against profiteering, saying they will prove they have fought hard to keep food prices down during the Iran war.Chancellor John Healey said at the weekend that the Treasury is prepared to crack down on any retailers which are taking Brits “for a ride” by using the Middle East conflict as a cover to hike prices.The British Retail Consortium  – which represents the UK’s biggest retailers including Sainsbury’s, Tesco and Asda – has hit back at Healey’s threat, warning that supermarkets will resist any claims that they are profiteering from the war.Jim Bligh, the BRC’s corporate affairs director, told City AM: “It’s not helpful for the Chancellor to label retailers as potential profiteers when it’s one of the UK’s lowest margin industries.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BRC":"布雷迪","BK4087":"商业印刷","LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC"},"translate_title":"零售商回击希利的 “暴利 ”威胁","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRC":1},"content_text":"John Healey has followed Rachel Reeves in warning of price-gouging Retailers have hit back at the Chancellor’s warning against profiteering, saying they will prove they have fought hard to keep food prices down during the Iran war.Chancellor John Healey said at the weekend that the Treasury is prepared to crack down on any retailers which are taking Brits “for a ride” by using the Middle East conflict as a cover to hike prices.The British Retail Consortium (BRC) – which represents the UK’s biggest retailers including Sainsbury’s, Tesco and Asda – has hit back at Healey’s threat, warning that supermarkets will resist any claims that they are profiteering from the war.Jim Bligh, the BRC’s corporate affairs director, told City AM: “It’s not helpful for the Chancellor to label retailers as potential profiteers when it’s one of the UK’s lowest margin industries.\n\n“That competition is also keeping food price inflation down – on which the government has done nothing to support the industry.”\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBligh said Healey risks provoking an industry backlash if he sets out plans to crack down on so-called “price gouging”. “We’d keep demonstrating the strength of competition to the CMA and prove again there is no profiteering,” he said.Writing for the Sunday Telegraph, Healey had said: “At home, we will be watching closely for any suggestions that customers are being taken for a ride at the pump or the till.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}