Food prices set to rise: news will be hammer blow for millions already choosing between heating and eating

EMBARGO: 00.01 Thursday 9th January

Responding to the British Retail Consortium saying that food prices will rise by 4.2% in the latter half of this year as “retailers battle the £7 billion of increased costs in 2025 from the Budget”, Liberal Democrat Treasury spokesperson Daisy Cooper MP said:

“This news will come as a hammer blow to families across the country. Millions of people are already having to choose between heating and eating and the prospect of even more pressure on stretched budgets will be incredibly worrying.

“The new government is faced with the enormous challenge of cleaning up the Conservative Party’s economic vandalism, but their approach so far risks repeating more mistakes.

“It’s now clear as day that the Chancellor’s misguided national insurance hike is only going to hammer household budgets further by forcing up prices. Ministers must recognise their error and scrap this tax hike immediately.”

ENDS