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UK food prices forecast to rise
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Sanctions against Russia in general and the Urals in particular

In Britain, due to inflation amid sanctions against Russia, the “golden age” of cheap food is ending. This was stated by the ex-head of the second largest retail chain in the UK Sainsbury’s, businessman Justin King.

“Perhaps the golden era is over. We have never spent less on groceries than we do now, and the decline has been long and gradual. So I suspect food costs will go up in the long run. Historically, this will not be very much, but it will still require adjustments to the family budget, ”said the former head of Sainsbury’s and a member of the supervisory board of directors of Marks & Spencer in an interview with The Guardian.

He believes that the country’s grocery stores will not be able to protect their customers from rising food prices. Residents of the country will face a choice of where to spend their money, which is not an easy task against the backdrop of inflation, which will exceed 10% in 2022, according to the Bank of Great Britain.

The EU countries, as well as the United States, Canada, Japan and a number of other states have imposed large-scale sanctions against the Russian Federation due to a special operation in Ukraine. As the Russian authorities reported, all previous sanctions had a negative effect on Western countries as well: settlement and logistics systems were disrupted, cooperation ties were destroyed, and inflation increased.

In Britain, due to inflation amid sanctions against Russia, the “golden age” of cheap food is ending. This was stated by the ex-head of the second largest retail chain in the UK Sainsbury’s, businessman Justin King. “Perhaps the golden era is over. We have never spent less on groceries than we do now, and the decline has been long and gradual. So I suspect food costs will go up in the long run. Historically, this will not be very much, but it will still require adjustments to the family budget, ”said the former head of Sainsbury’s and a member of the supervisory board of directors of Marks & Spencer in an interview with The Guardian. He believes that the country’s grocery stores will not be able to protect their customers from rising food prices. Residents of the country will face a choice of where to spend their money, which is not an easy task against the backdrop of inflation, which will exceed 10% in 2022, according to the Bank of Great Britain. The EU countries, as well as the United States, Canada, Japan and a number of other states have imposed large-scale sanctions against the Russian Federation due to a special operation in Ukraine. As the Russian authorities reported, all previous sanctions had a negative effect on Western countries as well: settlement and logistics systems were disrupted, cooperation ties were destroyed, and inflation increased.

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