Controversial £2bn packaging tax could be scrapped as food inflation looms

cityam

May 05

The packaging tax has been criticised by retailers The government is reviewing a controversial £2bn sustainable packaging tax as it faces increasing pressure from retailers to prevent food prices from...

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inflation looms","media":"cityam","content":"<div>\n<p>The packaging tax has been criticised by retailers The government is reviewing a controversial £2bn sustainable packaging tax as it faces increasing pressure from retailers to prevent food prices from...</p>\n\n<a href=\"https://www.cityam.com/sustainable-packaging-tax-on-chopping-block-as-food-inflation-looms/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Controversial £2bn packaging tax could be scrapped as food inflation looms</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nControversial £2bn packaging tax could be scrapped as food inflation looms\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-05 18:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/sustainable-packaging-tax-on-chopping-block-as-food-inflation-looms/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The packaging tax has been criticised by retailers The government is reviewing a controversial £2bn sustainable packaging tax as it faces increasing pressure from retailers to prevent food prices from...</p>\n\n<a href=\"https://www.cityam.com/sustainable-packaging-tax-on-chopping-block-as-food-inflation-looms/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4084","symbol_name":"特种房地产投资信托","start_time":0,"source_url":"https://www.cityam.com/sustainable-packaging-tax-on-chopping-block-as-food-inflation-looms/","article_id":"2633919773","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2024/12/a-line-of-spirits-bottles-at-a-local-alcohol-shop-56074966-5c4dbe564affa.webp?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/sustainable-packaging-tax-on-chopping-block-as-food-inflation-looms/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2633919773","pubTimestamp":1777977689,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"The tax is equivalent to 12p for every glass bottle or jar sold in a supermarket and retailers have warned they may be forced to pass on as much as 56 in costs to the average household each year.Premium mixer brand Fevertree took the Environment Agency to court over the tax in March, and retail giant John Lewis and sausage maker Heck have been vocal in their opposition to the tax.Food inflation could reach double figuresThe effective blockade to the Strait of Hormuz during the Iran war has sent the costs of energy, shipping and fertiliser soaring, and some industry figures have said this could have a catastrophic effect on the price of a food shop.The Food and Drink Federation , which represents the UK’s 12,000 food and drink manufacturers, expect food inflation to soar to nine or 10 per cent this year – though it currently stands at 3.7 per cent.The Bank of England said last week that they think food inflation could reach seven per cent this year, above a headline inflation forecast o","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4084":"特种房地产投资信托","BK4234":"特殊用途房地产信托","EPR":"EPR不动产"},"translate_title":"随着食品通胀迫在眉睫，备受争议的20亿英镑包装税可能会被取消","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EPR":1},"content_text":"The packaging tax has been criticised by retailers The government is reviewing a controversial £2bn sustainable packaging tax as it faces increasing pressure from retailers to prevent food prices from soaring.The Treasury is reportedly looking at potential changes to the Extended Producer Responsibility (EPR) tax, which requires large businesses to pay towards the cost of disposing of their packaging.Retailers have been ramping up their calls on the government to cut the cost of red tape to allow them to focus their efforts on keeping prices down for shoppers. The EPR levy was expanded last year to require retailers to cover the full cost of disposing of their packaging, and the tax weighs heavily on materials like glass bottles.\n\nThe tax is equivalent to 12p for every glass bottle or jar sold in a supermarket and retailers have warned they may be forced to pass on as much as £56 in costs to the average household each year.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPremium mixer brand Fevertree took the Environment Agency to court over the tax in March, and retail giant John Lewis and sausage maker Heck have been vocal in their opposition to the tax.Food inflation could reach double figuresThe effective blockade to the Strait of Hormuz during the Iran war has sent the costs of energy, shipping and fertiliser soaring, and some industry figures have said this could have a catastrophic effect on the price of a food shop.The Food and Drink Federation (FDF), which represents the UK’s 12,000 food and drink manufacturers, expect food inflation to soar to nine or 10 per cent this year – though it currently stands at 3.7 per cent.\n\nThe Bank of England said last week that they think food inflation could reach seven per cent this year, above a headline inflation forecast of 6.2 per cent.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}