Supermarket bosses meet Rachel Reeves amid severe food price warning

The UK economy has seen slow growth under Chancellor Rachel Reeves.

Wednesday 01 April 2026 2:24 pm | Updated: Wednesday 01 April 2026 6:32 pm Executives say the government’s tax policies create an unnecessary burden Bosses from some of the UK’s biggest supermarkets met with Chancellor Rachel Reeves on emergency cost of health talks on Wednesday, amid warnings that food prices could rise to double figures … Read more

FTSE 100 rallies on hopes Iran war will end soon; food inflation up to 9% – MARKETS LIVE

FTSE 100 rallies on hopes Iran war will end soon; food inflation up to 9% - MARKETS LIVE

By ANGHARAD CARRICK, BUSINESS EDITOR Updated: 05:12 EDT, April 1, 2026 Stock markets are rallying as oil falls near $100 on hopes that the war in Iran could end soon. Investors clutching at any sign of easing doubts were cheered by Donald Trump’s latest suggestion that the US could end the conflict within ‘two or … Read more

UK food prices “could hit 9% this year” as the Iran war pushes up energy prices

UK food prices "could hit 9% this year" as the Iran war pushes up energy prices

Food price rises could hit 9% in the UK this year, even if the strait of Hormuz opens in the next few weeks, figures suggest, as the Iran war raises energy prices. The Food and Drink Association, which represents 12,000 food and drink producers, has predicted that prices will rise by “at least” 9% by … Read more

A food scare is inevitable because of the Iran war – and it could get worse

A food scare is inevitable because of the Iran war - and it could get worse

Food prices are expected to rise later this year dpa picture alliance/Alamy World food prices have reached their highest levels since the energy crisis of the 1970s, caused by conflicts in the Middle East, once inflation has been adjusted. Could we be headed for a new record – the worst food crisis ever – as … Read more

Warning food prices are set to rise in the UK due to the Iran war

Urea is more than twice as expensive

This year, the most important commodity in agriculture is not sunshine or rain, it is fertilizer. According to some estimates, nearly half of the world’s crop and livestock production depends on the incredible mix of minerals and chemicals that make up artificial fertilizers. But the Iran the war raises prices and suppresses the availability of … Read more

From oil to food to markets: How the month of war in Iran has revived the world economy

From oil to food to markets: How the month of war in Iran has revived the world economy

It’s not easy being a global economy right now. One month into the US and Israel’s war against Iran, fears are raising concerns about everything from supply chains to airline travel. While the price of a barrel of oil remains north of $100, from $70 before the war, the price of gas in the US … Read more