Rachel Reeves news and analysis – Page 8
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News
Media Bites 29 January: Rachel Reeves speech, Diageo, WH Smith and Starbucks
Chancellor Rachel Reeves will give a speech later this morning
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AHDB data torpedoes government position on Inheritance Tax impact
Independent analysis by the the non-departmental government body are at significant odds with the government’s own claims
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Media Bites 28 January: Amazon, WH Smith and high street decline
The papers focus on Amazon drone deliveries and a sale of WH Smith on the high street
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January promotions keep prices down, but tough times are ahead
Food inflation eased yet food prices continue to rise at their fastest rate since April 2024
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Iceland offers ‘hundreds’ of jobs to Sainsbury’s staff affected by layoffs
Iceland made the appeal first via social media and now through a formal release from the company
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Media Bites 23 January: supermarkets calls on IHT, recession fears, CMA, EU relations
Today’s headlines focus on supermarket support for a pause to government inheritance tax reform for farm business, plus growing concerns over the economy
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Food & drink deals boosted by budget tax worries in 2024
M&A activity in food & drink picked up significantly in 2024, with volumes driven higher in October as businesses raced to push through deals ahead of anticipated budget tax hikes by Rachel Reeves
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Comment & Opinion
Doug Gurr running the CMA: what could possibly go wrong?
There is clearly still grrr in the Gurr, with the 60-year-old today announced as the new interim chairman of the Competition & Markets Authority
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News
Tesco, Lidl, Co-op and Aldi call for ‘pause’ on ‘Family Farm Tax’
Tesco CCO Ashwin Prasad said the retailer wanted a halt in the rollout of inheritance tax reforms and was calling for a long-term government vision for farming
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Competition watchdog chair replaced by ex-Amazon boss
The competition watchdog failed to convince ministers it was sufficiently focused on growth
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Media Bites 22 January: Waitrose, CMA, BrewDog, Premier Foods
Today’s press continued to be dominated by coverage of the early stages on the latest Donald Trump US presidency and the speculation around what impact he will have on the global economy
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Media Bites 16 January: Carlsberg x Britvic, Guinness and Moet
It’s a drinks-themed round up this morning with the Carlsberg Britvic takeover and the ongoing Guinness shortage offering some light relief from this week’s focus on inflation and the UK economy
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Milk brand Our Cow Molly the first to carry NFU anti-‘family farm tax’ logos on pack
The Sheffield-based supplier has called on other brands to follow its lead and join the campaign against government inheritance tax reforms
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Media Bites 15 January: CPI eases, obesity, NIC increases, James Watt
Figures from the Office for National Statistics showed the consumer prices index eased to 2.5%, below a reading of 2.6% in November, meaning prices rose at a slower rate, reports several newspapers. This unexpected fall in UK in December, is “handing some breathing space to the Chancellor, ...
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City snapshot: UK food inflation remains steady at 2%
It should ease pressure on Rachel Reeves but business groups continue to warn of higher prices later in the year. Also, Nichols posts strong UK growth and Fuller, Smith & Turner reports ‘excellent’ Christmas
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Media Bites 13 January: fruit & veg prices, YoungOnes, Asda cuts
Inflation on fresh produce was imminent in Sainsbury’s under Reeves’ new Budget, the nationals warned
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News
Sainsbury’s increases hourly pay by 5% in ‘careful’ two-part rise
Sainsbury’s will spread the increase over two separate pay rises throughout the year in order to mitigate the impact of Rachel Reeves’ budget
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Comment & Opinion
If even M&S is worried about growth, what hope is there for the stragglers?
Inflation is back on the agenda even after supermarkets worked hard to bring it down this Christmas
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News
Media Bites 10 January: Tesco and M&S results, Diageo’s Ozempic woes
The nationals have gone big on yesterday’s latest round of supermarket results
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Comment & Opinion
Why Steve Reed will need more than a ‘new deal’ to get farmers back onside
The environment secretary promised that ‘change is coming’ at today’s Oxford Farming Conference – but farmers hoping for a reversal of Inheritance Tax reforms were sorely disappointed