However, products that require a lot of energy to produce are experiencing the highest cost pressures. Tesco accepted a 20% cost price increase in milk from its suppliers less than two weeks ago. However, the UK’s largest dairy Arla recently warned that with cost increases of some 36%, farmers faced tough cost challenges.
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Coronavirus: Virgin Atlantic to cut 1,150 more jobs
admin, , Business, 0
Image copyright Getty Images Virgin Atlantic is to cut 1,150 more jobs after completing a £1.2bn rescue plan that...
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Bank ‘optimistic’ as it edges closer to summer cut
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But Darren Jones, shadow chief secretary to the Treasury, said while it was the Bank of England’s “independent right”...
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Rishi Sunak sets out how pothole funding from HS2 savings to be used
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Its spokesman, Darren Rodwell, said: “Longer-term, the government should award council highways departments with five yearly funding allocations to...
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‘We’ll have to increase taxes’, says Reeves
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The chancellor has said the government will likely raise some taxes in October’s Budget after months of speculation about...
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Train strikes: Passengers warned of more disruption as drivers walk out
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Passengers with advance, off-peak or anytime tickets affected by the strike on 13 August can use their ticket either...
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Sanjeev Gupta’s firm says it did nothing wrong over Covid loans
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If serious non-compliance were to be found, the BBB added, it was entitled to take remedial action, including the...
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Government borrowing fell in April as UK reopened
admin, , Business, 0
“April’s public finances figures showed that the government’s financial position isn’t as bad as the Office for Budget Responsibility...
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Brexit: No plans to dilute workers’ rights, minister says
admin, , Business, 0
Brexit: What does the deal say about workers’ rights?
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