Food and Drink Federation says business confidence fell to -47% amid inflation, energy and labour pressuresConfidence is tumbling among Britain’s food and drink manufacturers, as inflationary pressures including energy, labour and raw material costs gain pace, according to a survey by the industry body.Business confidence plummeted to -47% in the final three months of last year, according to the Food and Drink Federation (FDF), down from -6% in the previous quarter, as companies in the sector were hit by measures announced in the October budget. Continue reading...
A survey by the Food and Drink Federation (FDF) shows business confidence among UK food and drink manufacturers has plummeted to -47%, the lowest since late 2022, due to inflation, energy costs, labor pressures, and upcoming packaging regulations (EPR). This is causing businesses to reconsider investment, with taxation and regulation cited as primary constraints. The FDF urges government action to support the industry and encourage investment.
