Intense discounting pushes food inflation to year low Retail Intense competition among UK supermarkets has pushed food inflation to its lowest level in a year, despite warnings that the Iran war will push up prices. Heavy discounting saw food inflation fall from 3.1 per cent last month to 2.7 per cent in May, according to data by the British Retail Consortium (BRC) and NIQ. [...]
Supermarket price caps? Rachel Reeves is truly panicking Opinion Rachel Reeves's impulse to meddle in supermarket pricing shows she is not seriously interested in growth at all, writes Eliot Wilson.
Industry chiefs slam packaging tax that could push food prices higher Retail Industry bosses have hit out at the government and warned that food prices will rise by more than necessary as the packaging tax is set to be introduced. The government had been scrambling to find ways to limit a price surge in the coming months, with Chancellor Rachel Reeves setting out incentives for families to [...]
M&S boss says supermarket price caps ‘completely preposterous’ May 20, 2026 The boss of M&S has dubbed government proposals to urge supermarkets to cap the prices of foods as “completely preposterous”. Stuart Machin, chief executive of the retail giant, called on the government to cut red tape and taxes on grocers instead of pressuring supermarkets to cut prices. The Treasury has reportedly been asking supermarkets to [...]
City analysts brand SNP food price cap ‘hair brained’ May 19, 2026 Top city analysts have slammed the SNP’s pledge to cap food prices as “hair brained,” as the party’s leader refuses to walk back from the policy. City broker Shore Capital said the SNP’s proposals to cap the prices of some foods would risk diminishing choice, hampering investment in Scotland’s food industry and could even threaten [...]
Food prices set to soar 50 per cent since cost-of-living crisis began May 4, 2026 UK food prices are on track to be 50 per cent higher by November compared to levels at the start of the cost-of-living crisis, piling fresh pressure on households already struggling with rising bills. New analysis from the Energy and Climate Intelligence Unit (ECIU) warns the surge would mark a “grim milestone”, with price growth [...]
Bank of England set to hold interest rates January 31, 2026 The Bank of England is expected to hold interest rates at 3.75 per cent next week as policymakers continue to battle against sticky inflation. At the monetary policy committee (MPC)’s first meeting of the year, the Bank is expected to suggest it is too early to cut rates due to the lack of available data [...]
Food prices to jump despite easing inflation predictions January 27, 2026 Food prices are projected to jump higher despite economists’ predictions of easing inflation, according to a fresh survey, which warned that soaring energy prices and taxes were exacerbating the cost of living for Britons. New data by the British Retail Consortium has suggested that food price inflation could rise at a faster pace, weighing heavily [...]
Asda: Will 2026 be the year supermarket giant bounces back? December 26, 2025 This time last year, analysts warned that Asda needed to “dig down into its soul” if it was to turn around its fortunes. After a rollercoaster 2024 in which it struggled with debt, strikes and falling sales, the Leeds-headquartered supermarket giant was hoping the new year would begin to reveal green shoots of recovery. Under [...]
Hellofresh sinks further into the red as 900 UK jobs lost October 7, 2025 The UK arm of Hellofresh has sunk deeper into the red as its sales were cut during its latest financial year, it has been revealed. The division has reported a pre-tax loss of £19.5m for 2024, new accounts filed with Companies House show. The latest figure comes after Hellofresh posted a loss of £755,000 in [...]