Editor’s picks: PackUK bailout, Diageo shock and the Big 30

Glass drink bottle in waste

Source: Getty Images

The Treasury is bailing out PackUK to cover the shortfall from its new EPR tax, while Diageo’s share price crashed 13% as new CEO Dave Lewis slashed dividends and criticised off-trade service. Meanwhile, the NFU secured £345m for farmers and retail crime figures showed the biggest fall since the pandemic

It’s been another busy week on The Grocer!

The biggest bombshell was the news that the Treasury is bailing out PackUK to cover the shortfall from its new EPR tax. It’s a story The Grocer has covered from every angle over the years and we’re proud of the work we’ve done to highlight all the issues it’s thrown up, including a further investigation this week into how producers have been dodging the EPR tax. It’s also the subject of my leader in which I highlight The Grocer’s role in ensuring that compliant companies did not have to pick up the tab

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