Rishi Sunak news and analysis – Page 20
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Comment & OpinionThe Budget is welcome for food and drink – but does it go far enough?
Sunak’s Budget contained few surprises but food and drink leaders have cautiously welcomed new measures of support
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Analysis & FeaturesBudget 2021: the industry reacts
As chancellor Rishi Sunak announces this year’s Budget, industry figures from retail, wholesale, hospitality and finance share their reactions
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News🔴 Budget 2021 Live: Chancellor outlines Covid recovery measures
The latest updates for the grocery industry on the B
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NewsMedia Bites 3 March: Budget/Furlough, Grocery share, Virgin Wines
Rishi Sunak will announce on Wednesday that the Treasury is extending its furlough scheme until the end of September in an attempt to safeguard jobs as a fragile economy emerges from the Covid-19 emergency
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NewsCity snapshot: Profits evaporate at Vimto owner Nichols in face of Covid crisis
Vimto maker Nichols has experienced a dramatic slump in sales and profits as it faced the “unequalled challenges” presented by the Covid pandemic. Plus, fierce competition keeps food inflation in check, according to the latest BRC-Nielsen shop price index for February. There are also trading updates from DS Smith and Smiths News.
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NewsMedia Bites 2 March: Danone, Morrisons, The Restaurant Group
The board of directors of Danone has sought to calm an acrimonious public fight with activist shareholders by agreeing to split the chairman and chief executive roles now both held by Emmanuel Faber.
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NewsMedia Bites 1 March: High Street/Budget, John Lewis/Waitrose, Danone
Chancellor Rishi Sunak is set to announce a £5bn grant scheme to help High Street businesses hit hardest by the pandemic
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NewsMedia Bites 26 Feb: Asda, DS Smith/Mondi, ABF/Primark
About 5,000 jobs are at risk at Asda after the supermarket group launched a big restructuring in response to the rapid rise of online shopping
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NewsMedia Bites 25 Feb: Beer duty, Brexit, Reckitt Beckiser, EG Group
Beer duty could be cut in pubs and raised in supermarkets to encourage people to go out after the lockdown ends, Boris Johnson hinted yesterday.
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NewsBailout hopes grow for wholesale sector as PM admits it has ‘fallen through the cracks’
The PM has signalled foodservice wholesalers could finally be offered sector-specific support
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NewsMedia Bites 23 Feb: Coronavirus exit plan, online sales tax, Brexit
The main news story dominating the news this morning is the details of Prime Minister Boris Johnson’s coronavirus lockdown exit plan.
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NewsBusiness rates review delayed until autumn
The latest delay to the outcome of a consultation announced in last year’s spring Budget has led to accusations of Chancellor Rishi Sunak ‘kicking the issue down the road’
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NewsMedia Bites 19 Feb: Asda/Walmart, Nestlé, Business rates
The new owners of Asda have been urged to overhaul the supermarket’s strategy after its performance over the Christmas period lagged behind its rivals
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NewsMedia Bites 12 Feb: Kraft Heinz/Planters, Asda, Marston’s
Kraft Heinz has agreed to sell its Planters peanuts and snacks business to Hormel Foods for $3.35bn as it seeks to shore up its balance sheet and boost growth
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NewsSupermarket chiefs call on Sunak to ‘level the playing field’ with online sales tax
The chancellor must use the Budget on 3 March to commit to reducing the burden on bricks and mortar shops, according to a letter signed by 18 retail leaders
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NewsMedia Bites 8 Feb: Business rates, Amazon, UK/EU trade
Tesco, Morrisons and Waterstones are among companies that have urged chancellor Rishi Sunak to ’level the playing field’ between bricks-and-mortar stores and online retailers
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NewsSupermarkets will not automatically benefit from business rates relief extension in Scotland
The move is to ’ensure the relief only goes to those businesses who require it’ after supermarkets handed billions back last year
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NewsFood manufacturers call on government for rescue package
A coalition of 18 trade associations has written to Chancellor Rishi Sunak outlining measures designed to help food producers
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NewsAnger as wholesalers ignored again by Chancellor’s latest lockdown bailout
Sunak confirmed a new £4.6bn package of new lockdown grants worth up to £9,000 for businesses in the retail, hospitality and leisure sectors
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NewsMedia Bites 6 Jan: Morrisons, Christmas grocery sales, UK/EU trade deal
Strong demand for luxury Christmas favourites helped to drive an 8.5% rise in sales at Morrisons over the festive period