Connect with us

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

UK high-sugar promotion ban delay angers health campaigners

Published : , on

UK high-sugar promotion ban delay angers health campaigners

LONDON (Reuters) -Britain’s decision to further delay rules banning multi-buy deals on food and drinks high in fat, salt, or sugar (HFSS) has dismayed health campaigners who say it will not help families trying to save money.

The UK government said on Saturday that rules banning multi-buy deals on HFSS foods and drinks, including buy one get one free (BOGOF) deals, will be delayed until October 2025.

The policy had already been delayed until October this year. The government will continue to review the impact of the restrictions on consumers and businesses.

“I firmly believe in people’s right to choose – and at a time when household budgets are under continuing pressure from the global rise in food prices, it is not fair for government to restrict the options available to consumers on their weekly shop,” Prime Minister Rishi Sunak said in a statement.

Britons, worn down by a cost of living crisis into its second year, face food inflation of over 19%, official data shows.

John Maingay, director of policy at the British Heart Foundation, said multi-buy deals led people to spend more money and eat more junk food.

“The government has said itself in recent weeks how important it is to drive down our high obesity rates – but it won’t achieve this unless it follows its own evidence and implements its own policies,” he said.

Sarah Clarke, president of the Royal College of Physicians, noted that more than one in three children leave primary school with obesity and that the problem required government action, not just personal responsibility.

Katharine Jenner, director of the Obesity Health Alliance, said the government’s latest delay would widen health inequalities.

Most major supermarkets, including market leader Tesco and No. 2 Sainsbury’s, have moved away from multi-buy deals in recent years, aiming instead to keep prices on essential products low by matching those available at discount groups Aldi or Lidl, and via promotions on loyalty cards.

The government said it remained committed to cutting hospital waiting lists by tackling obesity which costs the national health service (NHS) around 6.5 billion pounds ($8.3 billion) a year.

($1 = 0.7803 pounds)

(Reporting by James Davey; Editing by Kate Holton and Barbara Lewis)

 

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

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!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post