Hard to swallow: food inflation rises for fourth month in a row Economics Food inflation rose for a fourth consecutive month in May, with the British Retail Consortium (BRC) warning a new packaging tax and the government’s workers’ rights overhaul will fuel further price rises in the coming months. The cost of food rose by an average of 2.8 per cent year on year in May, up from [...]
Budget tax hikes branded a ‘land grab’ by retail tech boss Retail Chancellor Rachel Reeves’ Budget was a “land grab” that demonstrated “short-term thinking” and will hamper the already struggling retail sector, the UK boss of a retail tech firm has said. Roy Horgan, who is the UK chief executive of Euronext-listed Vusion Group, said rises to employer National Insurance contributions (NICs) would be inflationary and prevent [...]
Retail chief Dickinson warns that food price rises are on the horizon Business Helen Dickinson OBE, chief executive of the British Retail Consortium (BRC), said leading indicators in the commodity market mean another bout of food inflation in the next six months looked likely.