Iceland blasts Rachel Reeves for making food more expensive | UK | News
The supermarket giant Iceland hit Rachel Reeves and accused the chancellor for raising food prices. Iceland, the accounts signed last week and signed in July, the UK Food Price Inflation in the next six months expects to peak between 4% and 5%.
Supermarket chain, “will have to pass inevitably [some cost increases] To consumers with the fact that food producers are affected by an increase in national insurance contributions and national life wages. Iceland reflects the findings from the Bank of England last week.
“We will have to transfer some of them to the consumers who want to reclaim the increase in their labor costs due to the budget of last autumn, but inevitably some of them can be made to consumers we can do without weakening our own price position in the market,” he said. Telegram.
He follows his warnings about the increasing cost of the weekly food shop.
In a statement on Thursday, the Bank of the UK said that higher labor costs contribute to inflation due to increases in minimum wages and the impact of national insurance contributions.
He said that “a relatively high personnel ındaki in food production and retail area were paid by 6.7% in the national life fee or closely paid in April.
Food prices in stores are expected to be 5% higher in autumn than a year ago.
Richard Walker, Iceland’s Labor -Supported President, said that in December, supermarket competitors should stop “walking” and “complaints” about the tax increases of the chancellery.
“This is not the time for businesses to walk… The government will not change the mind. It was a difficult budget, but we adapt.”
Mr. Walker previously hit the Family Farm’s Heritage Tax plans of the chancellor and said: “The Treasury is right to look at the level of the playground on the tax, but the tractor parked the wrong place after hardworking British farmers.
“Let’s stop disintegration around and make online sales tax reform a priority.”
While food prices are expected to increase, the Bank of England has reduced interest rates and increased this year’s economic growth forecast.
