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Russia’s end to Ukrainian grain export deal set to benefit local farmers during their fourth consecutive year of healthy harvestsWhat was the Black Sea grain deal and why did it collapse?Get our morning and afternoon news emails, free app or daily news…
The sector is facing many challenges, not least the cost of living crisis that could push the price of a pint to £7Closing for lunch: how UK restaurants are adapting to tough timesAdrian Forte, owner of The Duck, a bar and restaurant in Bournemouth, de…
Jeremy Hunt says government needs to keep fiscal discipline as it attempts to halve inflationBusiness live updates – latest newsThe UK’s spending deficit fell unexpectedly last month, helped by higher income tax revenues on the back of a flurry of wage…
Warning from ex-governor adds to concerns about economy with Bank tipped to raise rate above 5%The Bank of England could plunge the UK into a recession by raising rates too far, the former governor Mervyn King has said.In a broadside a fortnight before…
Moscow criticised as concern grows about impact of climbing agricultural commodity prices on poorer countriesWheat prices have been climbing on global markets, just days after Russia pulled out of an agreement that guaranteed safe passage for ships car…
CMA says stores not stoking food inflation as it looks into competition on key categories such as milk and baby foodSupermarkets must make price labels clearer so customers can more easily compare deals, the UK’s competition watchdog has said.Food reta…
Premier Foods reports 21% rise in sales but pledges no more price rises this yearThe maker of Mr Kipling cakes, Oxo cubes and Bisto gravy granules has said it believes recent food cost inflation has peaked, and it is not planning any more price rises f…
Competition regulator tells business committee of ‘significant change’ in retailer’s fuel pricingAsda’s profit margins on fuel have tripled since before the pandemic, according to the competition regulator at a bad-tempered parliamentary hearing where …
Rents jump by record 5.1% in a month as rental market struggles to meet demand from priced-out buyersBritain’s housing market is expected to avoid a slump triggered by rising interest rates, despite a drop in house price inflation to zero in May, accor…
Annual rate is still four times the government’s objective but is below level expected by financial marketsUK inflation falls to 7.9%Q&A: how high inflation affects everyone from borrowers to saversRishi Sunak and Jeremy Hunt will be breathing a bi…