Staples photo supreme3/16/2023 While the jump in food costs took the biggest bite out out of household budgets in Britain last month, prices are rising across the board. That added to price rises that began last year as the global economy started to recover from the COVID-19 pandemic. Russia’s invasion of Ukraine has boosted food and energy prices worldwide, with shipments of natural gas, grains and cooking oil disrupted. She didn’t make a similar promise on benefits but hinted they would. Prime Minister Liz Truss reinforced that point during the weekly prime minister’s questions session Wednesday, repeating a previous commitment to increase pensions in line with inflation. Hunt this week told the House of Commons that the government would “prioritize help for the most vulnerable while delivering wider economic stability.” “In today’s society, I find that completely unacceptable.” “Parents … are having to make difficult decisions - do they pay the bus fare to send their child to education or do they use that money to feed their child?” Sanderson told the BBC. The suggestion of government budget cuts in this environment is “appalling,” he said. Aidan’s Catholic Academy in Sunderland, said schools across the country are finding it difficult to feed needy children, with many diverting money from textbooks and classroom teaching to subsidize meal programs. Treasury chief Jeremy Hunt ditched the package after he took office last week, but he has warned that this will be a difficult winter and spending reductions also will be needed. The figures immediately fueled demands that the government do more to help families and retirees as it struggles to regain credibility after an ill-fated package of tax cuts roiled financial markets. That pushed consumer price inflation back to 10.1 percent, the highest since early 1982 and equal to the level last reached in July. READ MORE: How inflation spread across different sectors, making it harder to tameįood prices jumped 14.6 percent in the year through September, led by the soaring cost of staples such as meat, bread, milk and eggs, the Office for National Statistics said Wednesday. LONDON (AP) - British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation’s poorest residents.
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