UK Finance Minister to Meet Food Manufacturers to Discuss High Prices
British Finance Minister Jeremy Hunt plans to raise concerns about the surge in food prices and discuss ways to ease the strain on families when he meets food manufacturers on Tuesday, his office said in a statement. "High food prices are proving stubborn so we need to understand what’s driving that," Hunt said in the statement released by the Treasury on Monday.
UK finance minister, Jeremy Hunt, plans to meet with food manufacturers to address the rising cost of food and discuss ways to ease the burden on families. Hunt stated that "high food prices are proving stubborn so we need to understand what’s driving that." The meeting comes after Prime Minister Rishi Sunak hosted a food summit to boost growth, innovation and sustainability in the sector.
The Treasury also plans to meet with the Competition and Markets Authority (CMA) which last week promised to step up its work looking into grocery prices after food prices surged to a 46-year high in March. The CMA review will determine if updating pricing rules is necessary.
The Treasury also plans to meet with the Competition and Markets Authority (CMA) which last week promised to step up its work looking into grocery prices after food prices surged to a 46-year high in March. The CMA review will determine if updating pricing rules is necessary.