Food & Drink Federation chief Ian Wright tells MPs hospitality inflation is running at 14-18%, which is “terrifying”, says it is a precursor to retail, relays story from the 70s of supermarket prices rising twice in a day… says we can’t go back to that…
“says inflation is bigger scourge than anything else esp for levelling up because it discriminates against the poor…” first part about shortages on shelves - said seasonal produce, traditionally given top place on supermarket aisles replaced by lynx deodorant as that’s available
FDF also broke down the different dynamics of labour shortage, in particular the hundreds of thousands of EU workers WITH settled status, who have nonetheless gone home and not returned (so not a Brexit issue on its own, but In combination with pandemic/ lifestyle changes etc…
Also says hundreds of thousands of foreign students no longer work through university as are more proportionately from China than from Europe… and lots of older workers retired in pandemic…
Big picture - he argues Govt needs to get a handle on quantum of workforce reduction
Big picture - he argues Govt needs to get a handle on quantum of workforce reduction
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