Karen Betts, CEO of the Food and Drink Federation, warns that UK food inflation is set to jump sharply due to the latest war, saying it is now expected to reach “somewhere between 9 and 10%,” up from earlier forecasts of just over 3%.
[Subscribe to our Substack newsletter: https://channel4news.substack.com/subscribe]
She adds the industry is facing “another war shock” on top of lingering impacts from Covid, Brexit, and previous crises, while lacking government support for rising energy costs.
——-
Get more news at our site – https://www.channel4.com/news/
Subscribe to our Substack newsletter: https://channel4news.substack.com/subscribe
Follow us:
TikTok – https://www.tiktok.com/@c4news
Instagram – https://www.instagram.com/channel4news/
Twitter – https://twitter.com/Channel4News
Facebook – https://www.facebook.com/Channel4News/
