Article list

27 May 2022
The Chancellor has unveiled a support package to help households across the UK manage the cost-of-living crisis. The measures, on top of the previous package of support announced in February and the Spring Statement , bring total government spending on the cost-of-living crisis to £37bn. The package includes: All households will receive a £400 discount on energy bills from the...
27 May 2022
Ofgem, the energy regulator, has forecast that the energy price cap is likely to rise by over 40% in October . This will push the average household bill up to £2,800 a year. The energy price cap is lifted twice a year, with changes primarily based on wholesale energy prices over the previous period. In the UK, wholesale natural gas prices make up a large proportion of this. The Russi...
26 May 2022
Your overview of economic and policy news with a focus on the food and consumer goods industry, featuring the latest developments and guidance on the Ukraine crisis, the rising cost of living, labour shortages, COVID-19 and adapting to a new relationship with the EU. Energy bills support The government has announced a package of measures to support households as they cope with ris...
25 May 2022
Four retailers – Co-op, Morrisons, Sainsbury’s and Tesco – will be trialling environmental labels in a virtual reality setting this summer, as the food industry moves one step closer to developing a harmonised environmental labelling scheme. The trials are the latest phase of a workstream kicked off by IGD at the end of last year, to mobilise the food industry to develop a harmonised solution ...
20 May 2022
This policy outlines what IGD expects of stakeholders (i.e. customers, suppliers and working group participants) in terms of compliance with relevant competition laws when they are working on supply side projects with a trading partner, or with another supplier with whom they do not compete. Supply side projects focus on issues which may affect the supply chain, such as distribution and wastage...
20 May 2022
Through Commercial Insight and Social Impact, IGD works to drive change that makes a tangible difference in the food and consumer goods industry. Commercial Insight uses in-depth commercial understanding to uncover rich and visionary data and insights – leading to actionable solutions for success. We reinvest our revenue into Social Impact to address relevant issues, aimed at uniting and mobil...
19 May 2022
Your overview of economic and policy news with a focus on the food and consumer goods industry, featuring the latest developments and guidance on the Ukraine crisis, the rising cost of living, labour shortages, COVID-19 and adapting to a new relationship with the EU. Delay to HFSS restrictions Planned restrictions on products high in fat, salt or sugar (HFSS) have been delayed by the ...
19 May 2022
For the first time, vacancies across the UK outstripped the number of people seeking work, as the UK labour market continues to tighten. The latest data from the ONS , through to March 2022, shows the unemployment rate continuing to trend down, decreasing by 0.1% over the quarter to 3.7% to historic lows. The unemployment rate is now at the lowest level since the mid-1970’s. Converse...
19 May 2022
ONS has released its latest inflation data up to April 2022. Overall, this is the highest year-on-year inflation level for 40 years, recording 9.0% on the CPI index and 7.8% on the CPIH index. The older RPI measure inflation reached 11.1% up from 9.0% to February 2022. The speed at which households are experiencing inflation is stark, up 2.1% on the March value. This is only the fourth...
19 May 2022
The ONS has revealed that real pay levels over March continued to fall due to the impact of rising inflation. The average weekly wage is rising, total pay (incl. bonuses) is up 7% and regular pay is up 4.2% over the year to March 2022. However, adjusting for the impact of RPI inflation, the broadest measure of household inflation, the increased value of work is lost. Overall, worker...