Food and Drink Federation

For example, the nutrient profiling model that is applied to products in stores, which determines when and how they can be advertised, that's taken almost a decade to implement, partly because of lobbying from the industry.

And what you're hearing now from the retailers and the likes of the Food & Drink Federation, which represents some of the biggest manufacturers in the UK, is it is a resistance to implement further regulations, and there's a revised so-called nutrient profiling model that we're anticipating.

But the pushback now because of food price inflation is saying now is not the time to try and tighten the regulations and the restrictions on advertising of unhealthy foods.

So it's not just about what's happening in the household, it's, it's the entire food policy of the UK that's being shaped by these pressures.

You see how the panel's just jumping on him, trying to pretend that there's no evidence that Brexit has damaged us financially? Even though literally every industry body in the country has been screaming for the past five years that Brexit is ruining them.

The National Farmers Union, the Federation of Small Businesses, the British Chamber of Commerce, the SMT, the car industry, the British Medical Association, the NHS, the banking sector in London, the Food and Drink Federation.

Now, given that all of our industries are saying that Brexit is damaging them individually, it is the job of economists to try and calculate what that's done to the economy as a whole, which is why you get figures like 100 billion a year or 90 billion a year.

And yet that panel is trying to argue that, well, you have no proof that Brexit is actually damaging us that much.

They're saying this is pointing to food increases towards the end of 2026 and into 2027.

The UK's Food and Drink Federation, that comprises a large amount of producers and manufacturers that we all regularly buy from in Ireland, they show that food inflation in the UK is expected to reach nearly 4% by Christmas and peak at 6.4% in July 2027.

So it's fair to say that we will be similarly affected, but I think the issue that's pressing on consumers in Ireland at the moment is because they're paying for the higher cost in energy-

Mm

We could see different sort of, um, sort of weather patterns, and this does sort of feed through into potentially having a negative impact on the availability of food as perhaps as we know it.

So the, the, the Food & Drink Federation forecasting food inflation to hit 3.9% by December, and actually sort of average out about 5.5% next year, so definitely one area that could catch people by surprise.

We're not really spreading a lot of joy with these, uh, key things to watch, are we particularly? And I've got more misery 'cause actually mortgage rates, um, are a bit of a worry for people.

Anybody who's got a sort of remortgage coming up is the fact that mortgage rates have been rising.