Adif quandary

Union leaders also maintained that supermarket bosses were squeezing customers to benefit from ‘greedflation’ where firms exploit high inflation to create excessive profits.

Meanwhile, Sainsbury’s announced £690 million (€782.3 million) profits for the year until March, with profit margins slipping from 3.4 to 2.99 per cent, as chief executive Simon Roberts insisted that the chain was determined to fight inflation.

Tesco’s profits of £753 million (€854 million) were half those of the previous year, while chief executive Ken Murphy declared that the retailer was “robustly challenging every cost increase” with suppliers and had not passed on all of its additional costs to customers.