The problem of trying to conduct policy by briefing the media is all too clear clear in the immediate reversal on a putative 'deal' to relax some supermarket regulations in return for voluntary procedures-capping;

Now, the Treasury now saying they were never going to announce such measure tomorrow anyway.....

Whatever one thinks of the policy itself this sort of cack-handedness does nothing to support confidence in the Govt.'s grip on economic policy!

#politics #supermarkets
h/t FT

The collapse of National Car Parks (NCP) has been widely attributed to the sales & lease back of its estate (to facilitate the extraction of cash by private equity owners), whose programmed-in rent rises eventually outpaced revenue growth for reasons outside NCP's control.

The Q. is whether the supermarket sector (where around 50% of stores have been sold & leased back) might be subject t the same problem if the cost of living crisis continues?

Time will tell.

#supermarkets #business
h/t FT