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

Reuters - UK Focus

LONDON, Oct (HKSE: 3366-OL.HK - news) 13 (Reuters) - How retailers respond to the fall in sterling since Britain's June vote to leave the European Union (KSE: 000910.KS - news) is a commercial decision, British Prime Minister Theresa May's spokeswoman said on Thursday.

Britain's biggest retailer Tesco (Frankfurt: 852647 - news) has pulled Unilever (NYSE: UL - news) 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 commercial decision." (Reporting by Kylie MacLellan and Kate Holton, editing by Elizabeth Piper)