The Food and Drink Federation responds to the Chancellor's Spring Statement

The FDF’s Chief Executive, Karen Betts, said:

“Today’s ONS figures show prices for food and non-alcoholic drinks rose at the fastest rate since September 2011. This reflects the significant rises in ingredient, raw material and energy costs that food producers have been facing for many months now. All indications are that food price inflation is some way from peaking, and we expect prices to continue to rise for some months to come.

“Food and drink manufacturers, therefore, welcome the measures the Chancellor has announced to ease the cost-of-living crisis for UK households. In addition, we need government to consider other measures to cut the cost of doing business, to help stall rising prices, and stimulate growth such as removing complexity and cost from upcoming regulation. By establishing a National Food Security Council, government can help protect the resilience of the UK’s food producers and our food supply by reacting in real time to disruption as a result of turbulence in global commodity markets and international supply chains.”

For information, please contact press.office@fdf.org.uk 020 7836 2460.

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