UK Food and Drink Federation warns consumers will pay more amid government regulatory moves

The UK’s Food and Drink Federation (FDF) has expressed major concern over a series of government policies that will cost the sector a projected additional £8 billion over the next three years, making product ranges more expensive, reports Neill Barston. As the trade organisation, representing a broad range of business segments including key players within the confectionery, snacks and bakery markets, releases its latest report, it has warned the ‘sector is close to breaking point.’ Consequently, the situation meaning consumers are likely to have to pay notably more for their groceries amid key upcoming regulatory changes including advertising bans, plastic packaging levies and sugar and salt taxes that have been unveiled in recent months. The study, titled ‘Eating into household budgets: the Government’s recipe for food price inflation’, the FDF has estimated that if the cost of forthcoming Government policies were passed on directly to consumers, it would increase the price of ...