Discussions between Tesco and Unilever, due to the weak British pound

Marmite, PG Tips, Hellmann's and other family favourites will go on sale again at Tesco after manufacturer Unilever withdrew blanket price rises following threats of a boycott by shoppers.

Anglo-Dutch consumer goods manufacturer Unilever retreated amid widespread outrage after it blamed Brexit for a 10 percent price rises on dozens of brands.

It is a humiliating climbdown for the firm, whose share price lost 3 billion pounds in the furore.

The company was accused by supermarket insiders of using Brexit as a smokescreen to justify the price rises after it claimed a fall in the value of the pound had put up the cost of imported products and ingredients. (MTI)