Supermarket deals drive down cost of groceries for fourth month in a row

Published

1 year ago

July 18, 2023

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Supermarket deals have helped grocery price inflation ease for a fourth consecutive month.

Closely watched data from Kantar Worldpanel, which tracks supermarket sales and prices, charted the steepest decline in checkout costs during the four weeks to 9 July since grocery inflation peaked in March.

Its inflation measure fell by 1.6 percentage points to 14.9% over the period – bolstering hopes that the worst of the pain from the pace of price increases at the tills is over as the wider cost of living crisis continues to shift.

Kantar said while the grocery inflation figure reflected a further easing in the cost of many staple goods, there was a marked move towards customer spending on promotions, which now accounted for just over a quarter of the total market.

As the grocery sector’s prices continue to be investigated by the Competition and Markets Authority, Kantar’s head of retail Fraser McKevitt said: “One of the biggest shifts we’ve seen in this [promotions] area is retailers ramping up loyalty card deals like Tesco’s Clubcard Prices and Sainsbury’s Nectar Prices.

“This could signal a change in focus by the grocers who had been concentrating their efforts on everyday low pricing, particularly by offering more value own-label lines.”

Kantar noted that Sainsbury’s rate of sales growth had overtaken that of market leader Tesco over the four-week period.

Its report said customers had, on average, saved themselves from paying an extra £353 over the past year by changing their typical grocery habits, such as through trading down to cheaper products or visiting different grocers.

New threat from war to food prices

The report was released against a backdrop of new concerns about the outlook for food security and many staple food costs.

Prices for corn, wheat and soybean surged on commodity markets on Monday after Russia formally withdrew from a deal brokered by the United Nations that enabled millions of tonnes of grain exports from Ukraine to reach their destination.

Nearly 33 million tonnes of corn, wheat and other grains have been exported by Ukraine under the agreement.

The war in Ukraine has been a major factor behind energy-led inflation in Western economies though the cost of living crisis is continuing to evolve.

Inflation expected to fall this week

While food inflation is easing, the main rate of inflation in the UK has proved more stubborn to bring down than expected with the Bank of England suggesting that wage rises, at a rate above 7%, are a factor and too high.

The Bank’s governor has also accused companies of looking to make excessive profits.

Official figures on Wednesday are tipped by economists to show that the main Consumer Prices Index (CPI) measure of inflation eased back to an annual rate just above 8% from 8.7% in May.

The data is widely expected to reflect Kantar’s findings which offer some limited relief for hard-pressed family budgets.

While energy costs have fallen back, finances are facing an additional squeeze from the effects of the Bank’s interest rate hikes aimed at tackling inflation with some mortgage rates at 15-year highs.

UK

Canterbury MP Rosie Duffield quits Labour – criticising Sir Keir Starmer in resignation letter

Published

13 hours ago

September 28, 2024

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Canterbury MP Rosie Duffield quits Labour - criticising Sir Keir Starmer in resignation letter

Canterbury MP Rosie Duffield has resigned from the Labour Party.

The 53-year-old MP is the first to jump ship since the general election and in her resignation letter criticised the prime minister for accepting thousands of pounds worth of gifts.

She told Sir Keir Starmer the reason for leaving now is “the programme of policies you seem determined to stick to”, despite their unpopularity with the electorate and MPs.

In her letter she accused the prime minister and his top team of “sleaze, nepotism and apparent avarice” which are “off the scale”.

“I’m so ashamed of what you and your inner circle have done to tarnish and humiliate our once proud party,” she said.

Sir Keir has faced backlash after a Sky News report revealed he had received substantially more freebies than any other MP since becoming Labour leader.

Since December 2019, the prime minister received £107,145 in gifts, benefits, and hospitality – a specific category in parliament’s register of MPs’ interests.

Ms Duffield, who has previously clashed with the prime minister on gender issues, attacked the government for pursuing “cruel and unnecessary” policies as she resigned the Labour whip.

She criticised the decision to keep the two-child benefit cap and means-test the winter fuel payment, and accused the prime minister of “hypocrisy” over his acceptance of free gifts from donors.

“Since the change of government in July, the revelations of hypocrisy have been staggering and increasingly outrageous,” she said.

“I cannot put into words how angry I and my colleagues are at your total lack of understanding about how you have made us all appear.”

Ms Duffield also mentioned the recent “treatment of Diane Abbott”, who said she thought she had been barred from standing by Labour ahead of the general election, before Sir Keir said she would be allowed to defend her Hackney North and Stoke Newington seat for the party.

Her relationship with the Labour leadership has long been strained and her decision to quit the party comes after seven other Labour MPs were suspended for rebelling by voting for a motion calling for the two-child benefit cap to be abolished.

“Someone with far-above-average wealth choosing to keep the Conservatives’ two-child limit to benefit payments which entrenches children in poverty, while inexplicably accepting expensive personal gifts of designer suits and glasses costing more than most of those people can grasp – this is entirely undeserving of holding the title of Labour prime minister,” she said.

Ms Duffield said she will continue to represent her constituents as an independent MP, “guided by my core Labour values”.

UK

King Charles hails ‘uniquely special’ Scotland as it marks Holyrood milestone – before being hugged by woman

Published

13 hours ago

September 28, 2024

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King Charles hails 'uniquely special' Scotland as it marks Holyrood milestone - before being hugged by woman

The King has paid tribute to Scotland as a “uniquely special place” for the Royal Family as he marked the 25th anniversary of the Scottish parliament.

At the ceremony to commemorate a quarter of a century since parliament opened at Holyrood, the King said: “Speaking from a personal perspective, Scotland has always had a uniquely special place in the hearts of my family and myself.

“My beloved grandmother was proudly Scottish, my late mother especially treasured the time spent at Balmoral, and it was there in the most beloved of places, where she chose to spend her final days.”

He said we are all “united by our love of Scotland”, paying tribute to its “natural beauty”, “strength of character”, “diversity of its people”, “passions and frequently deeply held beliefs”.

“From the central belt to the north Highlands, across the islands in Ayrshire, in the Borders, the cities, towns and villages, all the coastal communities, who I wonder, could not fail to be moved by this complex Caledonian kaleidoscope?,” he asked as presiding officer Alison Johnstone and the Queen sat beside him.

After he gave the speech, the King was hugged by a member of the public – who said she did so “because of him being unwell”.

The 75-year-old was diagnosed with cancer in February but has since returned to public duties.

Yvonne Macmillan, 59, from East Renfrewshire, attended the anniversary ceremony with her husband Russell who is registered blind and chosen as a “local hero” for work in their area.

“I asked him if he was feeling better and if I could give him a hug. I actually said to him: ‘Can I hug you?’,” she said.

“As I hugged him I said, ‘God bless you’, so it was like God giving him a hug.”

While Sir Tony Blair’s Labour government legislated for Scottish devolution in 1997 – parliament officially opened at Holyrood on 1 July 1999.

The King has made six visits to the parliament since 1999 – while his mother Queen Elizabeth II made 10 visits during her lifetime.

Scottish First Minister John Swinney is one of a number of MSPs who have been at Holyrood since the start of devolution.

He said in his own speech in Edinburgh on Saturday that the parliament has “placed itself at the very heart of the nation”, describing it as a “vessel of enlightenment, invention and creativity”.

The SNP’s Christine Grahame is another MSP who has been there since the start.

“Free tuition, free prescriptions, game-changing policies to tackle child poverty, the ban on smoking, the baby box, ScotRail back in public ownership – none of this would have been possible without the Scottish parliament and the strength of our commitment to self-determination,” she said on Saturday.

The King said the devolved parliament has the ability to “touch and to improve the lives of so many individuals”.

But he added that “there remains much more to be done” for Scotland, the rest of the UK, particularly with regards to climate change.

“Let this moment therefore be the beginning of the next chapter,” he told those assembled.

“The achievement of the past and the commitment shown in the present give us the soundest basis for confidence in the future.”

UK

Phone thief caught red-handed hours after snatching device from woman’s hand in Croydon

Published

13 hours ago

September 28, 2024

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Phone thief caught red-handed hours after snatching device from woman's hand in Croydon

A moped riding phone thief was caught red-handed after police tracked the device down hours after he snatched it from a woman’s hand.

CCTV footage released by police showed a masked moped rider mount the pavement in Croydon, south London, to swipe a phone from a woman’s hand on 6 March, while another victim had theirs stolen while they waited for a bus an hour later.

Amari Scott, 20, looked surprised when confronted by officers inside a shop, where he was found with two mobile phones.

“We’ve just had a moped rob a mobile phone off the pavement and the phone is pinging in this location,” one of the officers told him in body-worn camera footage before Scott was handcuffed and led away.

Police also recovered a stolen motorbike and Scott, from Sutton, south London, was later jailed for four years.

Two teenagers who committed four robberies in the space of just half an hour were also arrested as part of a crackdown in Croydon.

Aged 16 and 17, the teens were issued with referral orders after pleading guilty to charges of robbery, attempted robbery and attempted grievous bodily harm.

They were behind a spree of eight robberies across Croydon and nearby Bromley, including four within 30 minutes on the morning of 5 August.

Their crimes, which included the knife point robbery of a rough sleeper outside Croydon library, were caught on CCTV.

One of the teenagers tried to discard a knife before she was arrested after a foot chase, telling officers: “The knife wasn’t mine”.

The other ran away, leaving a knife and his bag, but was lying in bed at home when he was arrested shortly after.

The Metropolitan Police said officers are intensifying efforts to tackle robbery and theft, encouraging victims to report incidents as they happen to increase the chances of catching the criminals.

Chief Inspector James Weston said: “We understand the impact that robbery has on victims – it is invasive and frightening.

“That’s why our teams are working so hard to deter and catch offenders to reassure our local community.

“Thanks to the hard work of officers, our partners and community grassroots organisations, we are stepping up our efforts and tackling the issues that matter most to the people of Croydon.”