Rishi Sunak news and analysis – Page 17
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NewsCost of living crisis sees family vegetable consumption fall
Some 26% of families are buying fewer fresh vegetables because of the increase in price of groceries
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NewsMedia Bites 24 March: Spring statement, inflation, food poverty, Nestlé
Rishi Sunak’s spring statement dominates the headlines this morning as inflation continues to surge.
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Comment & OpinionRishi Sunak’s tax tweaks cannot stem the inevitable rise in food poverty
While the Chancellor will hope his tax-cutting pledges dominate the headlines, the reality is rocketing inflation will cause the biggest drop in UK living standards since records began
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NewsSupermarkets cutting fuel prices immediately following Chancellor’s Spring Statement
Sainsbury’s, Asda and Morrisons have all said they will pass on the price reductions to customers from this evening
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NewsMedia Bites 23 March: McColl’s, Petrol prices, THG
Morrisons has drafted in City advisers as it considers how to contend with the financial struggles of its convenience store partner McColl’s
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NewsFood inflation crisis ‘not even started yet’ says ex-Sainsbury’s boss Justin King
The former Sainsbury’s boss, now a director at M&S, believes food inflation will last through the whole of next year
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NewsCity Snapshot: PZ Cussons snaps up Childs Farm in £40m deal
PZ Cussons has expanded its coverage in the UK baby and child personal care category with the acquisition of Childs Farm for £36.8m.
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NewsWholesalers examining supply chains for Russia links
The Grocer understands foodservice wholesalers in particular have been quizzed by on-trade customers regarding products either sourced from Russia or Belarus
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NewsMedia Bites 17 March: Fever-Tree, inflation, cost of living, Starbucks
The drinks maker Fever-Tree and the owner of the Wagamama and Frankie & Benny’s restaurant chains have warned of dramatic cost increases as the price of commodities and gas and electricity soars and the war in Ukraine adds pressure to their businesses.
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NewsRussian food and drink imports to UK hit with 35% tariffs
Rishi Sunak said the latest measures had been designed to “inflict maximum damage on the Russian economy while minimising the impact on the UK”.
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NewsMedia Bites 4 February: Inflation, Cranswick, Waitrose, Compass, Amazon
The Bank of England has intensified the squeeze on household finances with its first back-to-back interest rate rise since 2004 as the central bank forecast inflation will increase to 7.25% in April.
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NewsDiageo to splash £73m on Guinness microbrewery and ‘culture hub’ in London
The investment demonstrated Diageo’s confidence in London as a tourist destination and its commitment to the hospitality sector, it said
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NewsMedia Bites 22 December: Omicron, THG, Aldi, McDonald’s
Omicron continued to dominate the headlines this morning as Rishi Sunak succumbed to pressure from business leaders and announced more than £1bn in support for companies across the UK hit hardest by the pre-Christmas surge.
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NewsWholesalers welcome suppliers’ inclusion in new government Omicron support
The government is providing a £102m boost to the Additional Restrictions Grant fund, which local authorities can allocate to wholesalers at their discretion
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NewsMedia Bites 21 December: Omicron, McVitie’s, GSK, BrewDog
Fears of renewed restrictions caused by the Omicron variant occupy the papers this morning.
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NewsMedia Bites 20 Dec: Dave Lewis/GSK, M&S, Farmdrop
Sir Dave Lewis, the former Tesco chief, will this week be appointed to lead the £40bn separation of GlaxoSmithKline’s consumer healthcare arm
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NewsMedia Bites 17 December: petrol, Just Eat Takeaway, exports, McDonald’s
The difference between the price of petrol at supermarkets and the UK average has fallen to its lowest level in five years, highlighting how competition in the industry has lessened, according to an analysis by the AA.
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NewsMedia Bites 16 December: Omicron, beef, M&S
Business leaders have called on the government to move quickly to restore confidence amid the rapid spread of Omicron and fears that a large number of workers will call in sick, creating further disruption to supply chains.
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NewsWholesalers fear long-awaited funding could bypass them at the last moment
FWD is seeking assurances from chancellor Rishi Sunak
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NewsMedia Bites 2 November: THG, Coca-Cola
THG’s troubles look set to continue as BlackRock prepares to sell 55 million shares, while Coca-Cola is to buy the remaining stake in Body Armor that it did not already own for $5.6bn.