• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2024 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Jessica Weisman-Pitts

    Posted on June 13, 2022

    Featured image for article about Top Stories

    LONDON (Reuters) -Britain set out its first national food strategy on Monday, focused on increasing domestic output of some produce to boost food security while rejecting a recommendation to tackle obesity with new taxes on salt and sugar in processed food.

    The government said Russia’s invasion of Ukraine had hit food supplies and caused prices to spike, underlining the need to boost Britain’s home-grown supply of food.

    The plan will broadly maintain the current level of food produced domestically, while boosting output in some sectors such as horticulture and seafood, it said.

    Farming will receive a total of 270 million pounds ($333 million) of investment in innovation until 2029, it said.

    Prime Minister Boris Johnson said the strategy would support farmers and help protect food supplies against future economic shocks.

    “Harnessing new technologies and innovation, we will grow and eat more of our own food – unlocking jobs across the country and growing the economy, which in turn will ultimately help to reduce pressure on prices,” he said in a statement.

    The strategy follows an independent review by restaurateur Henry Dimbleby last year, which included a recommendation for a new tax on salt and sugar to incentivise manufacturers to reduce their use.

    The measure was not included in the strategy. Britain currently taxes sugar in soft drinks, a move credited with reducing the use of the sweetener in drinks.

    NO NEW TAXES

    Johnson said the government did not want to impose new taxes which put up the cost of food.

    “The best way to lose weight believe me is to eat less,” he said.

    Minette Batters, president of the National Farmers Union, said the strategy recognised the importance of domestic production “at a time when the war in Ukraine has focused attention on the importance and fragility of our global food security.”

    Environmental group Greenpeace UK, however, said the government ignored the recommendations of its own experts and failed to tackle greenhouse gas emissions from meat and dairy sectors which accelerate climate change.

    $1 = 0.8121 pounds)

    (Reporting by Paul Sandle and Nigel Hunt; Editing by Jan Harve and Frank Jack Daniel)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe