All The Budget articles
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News
Iceland slips to loss as supply chain and employment costs surge
Iceland warns of food inflation this year due to labour costs arising from last autumn’s budget
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News
Retail leaders in fear of tax rises as 42% say they have frozen recruitment
A BRC survey of chief financial officers and finance directors at retailers representing more than 9,000 stores found 85% had raised prices following tax increases in last year’s budget, and 65% expected to
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News
One Beyond chairman blames budget for halting chain’s expansion
One Beyond had been aiming to have 150 stores by November last year but now has 118, only three more than at the start of 2024
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News
Food inflation hits 4% as budget cost pressures meet tightening global supplies
Food inflation has climbed from 3.7% year on year in June, with staples such as meat and tea among hardest-hit categories amid tighter global supplies, according to the latest BRC-NIQ Shop Price Monitor
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News
Job postings for summer hospitality work plummet 25%
UKHospitality is calling for ‘action at the budget’ as it urges the government to fix NICs and lower business rates
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News
Consumer confidence falls as Brits save cash ahead of autumn budget
Brits are saving their cash as worries over never-ending inflation continue to haunt consumer confidence ahead of the coming autumn budget
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News
BRC urges government to exempt shops from business rates hike for large properties
The trade body is hoping ministers will listen to its warnings that taxing large shops more will also harm the smaller ones the plans are supposed to help
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News
Hospitality sector loses 69,000 jobs since the budget
UKHospitality is calling on the government to ‘fix' National Insurance contributions and boost jobs
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News
Food price inflation hits 3.7% as autumn budget costs bite
It pushed overall shop prices into inflation for the first time in almost a year
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News
Spending review: food and farming offer ‘cautious’ welcome
Defra was handed a £2.7 billion annual settlement, however, questions remain over how the money will be spent
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Comment & Opinion
‘Food and farming’ fail to register as government focuses on health
With a “record” £29bn funding boost to “get the NHS back on its feet and fit for the future”, today’s government spending review had a strong emphasis on health
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News
More than 90,000 retail jobs lost last year amid ‘rising tide’ of employment costs
ONS figures show 360,000 roles have been lost from the retail sector over the past decade, warned the BRC
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News
Booths rues ‘significantly increased costs’ for latest store closure
The closure would leave the family-owned grocer with 25 stores, in Yorkshire, Cheshire, Cumbria and its Lancashire heartland.
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News
Inheritance Tax reform FOI requests turned down by government
Farming groups submitted freedom of information requests to the government asking for clarification on the modelling it used to dismiss alternatives to the ‘family farm tax’ that were rejected
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News
Food inflation hits 11-month high as retailers hit by ‘mountain’ of rising employment costs
Food inflation hit 2.6% in April as everyday essentials such as bread, meat and fish all increased in price, according to the BRC
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Comment & Opinion
Budget pressures are here. Food needs a long-term strategy
Short-term fixes like workforce reductions are already underway, says James Walton, chief economist at IGD
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News
UK fmcg businesses offshoring jobs to cheaper European countries amid tax rises
Small to medium-sized fmcg businesses are increasingly hiring for certain roles in international markets
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News
Iceland Foods CEO warns of price rises as food inflation surges
Tarsem Dhaliwal said that he expected food inflation to reach 4% across the sector, as suppliers and retailers mitigate cost increases from April
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Comment & Opinion
Spring statement 2025: no crumbs of comfort for food businesses
Today’s statement was never going to be a game-changer – but as inflation begins to fall, can the food industry and retail find a silver lining?
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News
Food inflation steady at 3.3% as industry braces for spring budget
There was good news for fish shoppers with prices down 0.7%