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☆ Rural uprising over British tax change that critics say will hammer family farms
▼ + stars: | 2024-11-30 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +5 min

LONDON — The countryside came to the capital as thousands of farmers packed into London streets around Britain’s Parliament to protest changes to tax rules. Some drove tractors, others brought hay bales, many carried signs saying “no farms, no food.” All were protesting against the new Labour government’s decision to tax inherited agricultural property. Despite the gray skies and wet weather, thousands of farmers gathered in central London. “Ministers claim the inheritance tax cap hits only the rich, but it could put 70,000 farms — big and small — at risk. We are not — claiming that 70,000 farms will shut down or have to pay the tax a year.” The website defines a generation as 40 years.

Persons: ” Tom Bradshaw, Keir Starmer’s, Rachel Reeves, Mark Kerrison, Starmer, Victoria Vyvyan, Richard Baker, Jeremy Clarkson, Steve Reed, ” Organizations: Labour, National Farmers Union, NBC, Group, Department for Environment, Food & Rural Affairs, Agricultural, Business Property Relief, Institute for Fiscal Studies, Country Land and Business Association, Britain’s Treasury, Farmers, Getty, JCB Locations: London, Britain’s, U.S, Brazilian, Rio de Janeiro, Union

☆ More food shortages could add to Britain's price pressure
▼ + stars: | 2023-03-28 | by ( James Davey | ) www.reuters.com time to read: +5 min

The tight conditions have helped to push British food price inflation to levels not seen for almost 50 years. Industry data from market researcher Kantar on Tuesday showed UK grocery price inflation hit a record 17.5% in the four weeks to March 19, underscoring the problem for policymakers. Many UK food retailers are buying less, knowing their customers cannot afford to spend so much, taking a hit to their profits in the process. Andrew Opie, director of food and sustainability at the British Retail Consortium, which represents the major food retailers, said supermarkets were confident about the resilience of food supply chains, particularly with the approaching UK growing season. The grower who spoke to Reuters, and who asked not to be named, said there was too much focus on food inflation and not enough on the strength of the whole system.

☆ Britain's salad vegetable crisis its own fault, says former Sainsbury's boss
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +2 min

The crisis has been exacerbated by less winter production in greenhouses in Britain and the Netherlands due to high energy costs. "We could have chosen to subsidise the energy this winter as we have done for other industries." Horticulture has been excluded from a government Energy and Trade Intensive Industries scheme (ETII) that provides help with energy costs. King said that most UK supermarkets still had "very good" supply of salad vegetables coming in but overall the country is short. "That's why supermarkets introduce fair purchase policies so that 'real' customers are able to buy the one or two that they really need."

☆ Britain’s broken egg industry shows the price of food inflation
▼ + stars: | 2022-12-19 | by ( James Davey | ) www.reuters.com time to read: +5 min

LONDON, Dec 19 (Reuters) - In Britain, the damage wrought by rampant inflation can be seen in the fate of the humble egg. With war in Ukraine driving energy and chicken feed costs higher, farmers say what they get paid is no longer enough, upending the economics of a key food staple. Driven by consumer demand, British egg producers have for years focused on free range, which now represents 70% of the market. That, combined with a cost-of-living crisis fuelled by soaring food and energy costs, limits their room for manoeuvre, retailers say. Yet egg producers say that while the supermarkets have raised retail prices and paid farmers more, that increase is not enough to cover exploding costs.

The governors' proposal raised oil industry concerns about fuel regulations differing from state to state. "We have good support," Fischer told Reuters. The legislation also has the support of Senator Kevin Cramer from North Dakota, a co-sponsor of the bill. Cramer's support is significant, as North Dakota is one of the top oil-producing states, Fischer said. Organizations including the API, the Renewable Fuels Association (RFA) and the National Farmers Union wrote to congressional leaders this month to urge them to adopt legislation to expand nationwide E15 sales.

Organizations including the American Petroleum Institute (API), Renewable Fuels Association and the National Farmers Union wrote to congressional leaders to urge them to adopt legislation that would effectively lift restrictions on E15 sales. API's support is a win for the biofuel and farm groups because the oil industry has at times resisted efforts to expand the market for ethanol. The governors' proposal raised oil industry concerns about fuel regulations differing from state to state. Expanding national sales of E15 would also resolve long-standing differences among the groups about the fuel regulations, the letter said. Reporting by Stephanie Kelly; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

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