Infant formula doesn't cost the price it does because of the government.
If the formula companies wanted to cut the price, across the board, by 20%, they could, with no fear of censure.
There is no VAT on formula.
If the products are too expensive, it is because of profiteering by greedy formula companies.
Why do you think they charge more for first stage milk than follow-on?
Because it costs more to make?
Or because follow-on milk competes with regular cows' milk, which cost pennies per pint, and therefore if they ripped parents off to the degree they do with first milks, nobody would buy it?
Fact is points on ANY product are not free, they just come out of the cost.
Formula companies are in the business of exploiting babies and parents, don't blame that on the government. The government do NOT set the price of formula - the unethical formula companies do.