Brits set to spend almost a quarter of income on food as prices will to sky rocket
Cost of living: Farmer discusses price increase of food
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Mr Butler told the Express exclusively that we’re currently in unknown territory when it comes to inflation and food pricing in the UK. The UK based family farmer then went on to predict that food prices could be going up by 20% in the near future, as the cost of living crisis continues to affect Britons around the country. Mr Butler then discussed how much citizens in the UK are currently spending on buying food, which is around 9% of their income. This is expected to increase to 12-13% in the near future, as the farming industry feels the strain on the cost of grain, fertiliser and gas due to the current war in Ukraine.
Mr Butler said: “We’re in unknown territory, I think there’s no doubt there’s inflation across everything people are buying.
“And we’re well aware there’s a cost of living crisis.
“So there’s no denying that, whether we like it or not there’s upward pressure on food prices.
“I think with the UN, who has recently suggested food prices are going to be going up in the region of 20%.
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Mr Butler added: “So food prices are going up whether we like it.
“In terms of availability, as we’ve mentioned already I think we will see gappy shelves.
“And I think we will see sporadic shortages, but I think you know, we’re still going to hopefully get avocados, peppers, meat and milk.
“And all the things that we need for a healthy balanced diet, but I think there will be pressure on those who are most challenged to be able to actually afford to buy food for the table.
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Mr Butler said: “And it’s going to be a tricky time, I think in the current circumstances Britain is preparing about on average 9% of their income is spent on food.
“I’m guessing here, I think that’s going to maybe go to be amount to 12-13%.
“It’s going to be a substantial rise in how much people’s income is going to need to be spent to have a healthy balanced diet.
“So that’s a big change.”
Food banks around the UK are complaining about the strain they are currently facing due to so many people needing their services.
Lindsay Boswell, CEO of FareShare said: “Demand for our food is as high as it’s ever been.
“That’s why we’ve launched our new campaign, #RunningonEmpty, to highlight the difficult circumstances that many families are facing across the UK.
“And are calling for more support for those struggling to feed themselves.
“And more donations of food from across the food industry to help meet that need.”
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