Food and farming bosses warn businesses ‘still in meltdown’ amid labour crunch December 14, 2021 Chaos in the supply chain must be resolved to ensure food security in the UK, industry bodies have warned. The farming and producing sectors have been battered in recent months by labour shortages, including abattoir workers and HGV drivers. The industry has also struggled with inflation pushing up costs of energy, feed and fertiliser. The [...]
Shop prices fall faster in June June 30, 2021 The price of goods in UK shops fell at a faster rate in June than in May as businesses sought to maintain momentum in consuming spending, according to data published today. The British Retail Consortium’s Shop Price Index showed shop prices dropped 0.7 per cent annually in June, a faster rate than May’s 0.6 per [...]
Stabbed by syringes: retail workers call for tougher sentences for assault August 24, 2021 Ministers have been urged to introduce tougher sentences for people who assault supermarket workers in England and Wales. Calls from the British Retail Consortium (BRC) come as new legislation comes into force in Scotland that makes assaulting or abusing retail staff a standalone offence. The BRC has called on peers in the House of Lords [...]
Petrol retailers are not profiteering despite record prices at the pumps, say experts May 31, 2022 Petrol retailers are not engaging in wholesale profiteering amid record forecourt prices said industry analysts.
Chicken boss warns food prices could rise 15 per cent this year amid war in Ukraine March 14, 2022 A food industry leader has warned prices could rise up to 15 per cent this year as a result of Russia’s invasion of Ukraine. 2 Sisters CEO Ronald Kers told the BBC’s Today programme it had already been forced to pay 50 per cent more for the chicken it receives from farms. Russia and Ukraine [...]
Petrol retailers could face fines if they fail to pass on fuel duty cuts to consumers May 19, 2022 Petrol retailers could be fined if they fail to pass on fuel duty cuts to customers, warned the Competition and Markets Authority.
Crisps shortages: Shoppers left empty-handed as multipacks run out November 18, 2021 Shoppers with a craving for crisps have been left empty-handed this month, as official data reveals the scale of shortages. According to data published by the Office for National Statistics (ONS) on Thursday, multipack crisps were the trickiest item to get hold of in the country. Shelf availability was lowest for the products, with almost [...]
Shop price inflation highest in a decade as Brits feel cost of living squeeze February 2, 2022 Retail inflation has soared in the past month, with Brits eyeing discount retailers for cheaper prices as the country faces a cost of living squeeze. Shop price annual inflation surged to 1.5 per cent in January, according to the British Retail Consortium (BRC) and Nielsen IQ shop price index. This was up from 0.8 per [...]
US Fed chief Powell retires word ‘transitory’ to describe inflation December 1, 2021 US Fed Chief Jerome Powell said inflation would stick around for longer than hoped yesterday as a glut of global data suggested rising prices could slow the global recovery. Powell said yesterday it was time to “retire” the word “transitory” to describe the rapid pace of price hikes currently spiking the world economy. His shift [...]
London Mayor announces funding for capital’s high streets post-pandemic July 21, 2021 The Mayor of London, Sadiq Khan, has announced funding for 35 projects across London to ensure the protection of the capital’s high streets post-pandemic. The high streets of London were heavily impacted by the pandemic. The British Retail Consortium estimate there are about 5,000 fewer shops since the pandemic started. The high streets have also [...]