Sirius Bulletin - 7th December 2021

Sirius Bulletin - 7th December 2021

This bulletin provides a summary of topical news, announcements and policy developments affecting business across the UK.

 

Hospitality

Menu items removed due to cost

Restaurants and pubs are being forced to remove expensive items, such as sirloin steak and hake from their menus due to inflationary pressures. Costs in the hospitality sector increased by 4.2% in the 12 months to October 2021.
Read more about the pressures at: www.telegraph.co.uk/business/2021/11 /28/hake-sirl oin-menu-pubs-fight-surging-inflation/?


Manufacturing

Sector under pressure

Manufacturers are facing an unprecedented combination of post-Covid credit, cash and cost pressures. The sector is also struggling with the demands of an economic recovery hampered by disrupted supply chains and mounting skills shortages.
Read more about the issues at: www.makeuk.org/insights/reports/cash-credit-and-continuance?


Groceries

Supermarkets ‘undermining’ healthy food reforms

Major grocers have been accused of undermining healthy food reforms after a survey revealed that almost all wanted to delay junk food reforms by six months. From October 2022 multi-buy promotions on foods high in fat, salt and sugar will be banned.
Read more about the issue at: www.grocerygazette.eo.uk/2021/11/30/supermarkets-undermining-reforms/?


Social care

Reforms to care system announced

The Government has published a white paper outlining reforms to adult social care. The Local Government Association has warned that the reforms will not succeed without funding to meet current demand.
Read more about the white paper at: www.localgov.eo.uk/Social-care-White-Paper-set-up-to-fail/53360

 

Renewables

Record year of growth

Renewables will account for about 95% of growth in global power-generation capacity up to the end of 2026. According to the International Energy Agency, renewable energy-generating capacity will exceed that of fossil fuels and nuclear energy combined by 2026.
Read more about the growth at: www.theguard ian.com/enviranment/2021/dec/01/renewable-energy-has-another-record-year-of-growth-says­ iea?


Agriculture

Concerns over post-Brexit support

Farmers do not trust Defra to manage the transition away from EU subsidies to a new payment system. According to the CLA (Country Land and Business Association), farmers are generally supportive about the move but many are still concerned about the detail, as only limited information has been available on how the new system will work.
Read more about the concerns at: www.theguardian.com/environment/2021/dec/01/farmers-fea r-defra-wiII-not-deliver-on-post-brexit-support­ says-cla-head?


Al

Two new stores opened

Amazon Fresh has opened two more stores in London, increasing the number of locations in the UK to ten. The stores’ high-tech surveillance and machine learning technology detects items customers have picked from the shelf and charges their Amazon account once they have left the store.
Read more about the stores at: www.cha rgedretaiI.co.uk/2021/1 2/01/amazon-fresh-opens-two-new-store-locations-in-london/?


Plastic

Supermarkets cut packaging by 10%

Supermarkets, manufacturers and producers have reduced single-use plastic items by 46% and cut the amount of packaging on supermarket shelves by 10%. For example Morrisons has announced the removal of plastic packaging from bananas, which will reduce plastic waste by 45 million bags every year.
Read more about the reduction at: www.retailgazette.eo.uk/blog/2021/12/uk-supermarkets-cut-plastic-packaging-by-10/?

 

DISCLAIMER While all reasonable efforts have been made, the publisher makes no warranties that this information is accurate and up-to-date.