Harold Macmillan was once present at a meeting between Winston Churchill and Charles de Gaulle. The two principals went into a smaller room for a bilateral. Immediately, Macmillan heard raised voices. They grew louder, and louder still. Suddenly, Churchill’s face appeared round the door. “Harold, quickly, tell me: what is the opposite of ‘Vive la France?’”.

Blatant greedflation: are suppliers or retailers to blame?
The CMA’s new findings appear to have vindicated former Tesco chairman John Allan. But supermarkets aren’t off the hook entirely.