Shop prices are falling at their fastest pace in more than three years, The Guardian reports this morning. The decrease in prices boosts the chances of a fresh cut in interest rates from the Bank of England next week, it forecasts.
In another report from The Guardian, new Brexit border checks are blamed for reducing consumer choice and compromising Britain’s food security. The story points to a a joint letter from the Fresh Produce Consortium and the Horticultural Trades Association, which have called for an urgent meeting with the government over the continued problems.
China’s largest coffee chain is planning to enter the US market and undercut the likes of Starbucks on price, says the FT. Luckin Coffee is laying the groundwork for a US launch as early as next year, according to insiders.
Evri has been named the UK’s worst parcel distribution company for the second year running, The Telegraph reports. Around one in two customers have reported a problem with its service.
BP has delivered its smallest quarterly profit since the pandemic, according to The Standard. Profits fell in the third quarter of the year amid growing pressure from investors to boost returns to shareholders.
The Times urges consumers to eat more fibre this morning – and that could be by chowing down on popcorn. Not only is a high-fibre diet the key to keeping slim, it has also been found to improve our gut microbiome, it reports. Luckily for those with a sweet tooth, it is found in treats like popcorn and dark chocolate.
Finally, The Times delivers some bad news for business class flyers. British Airways is serving a “Great British Brunch” on long-haul flights departing between 8.30am and 11.29am in a bid to cut the costs of serving a full lunch, it reports.
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