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Three in five Brits expect food prices to rise because of family farm tax
Shocking new research commissioned by the Liberal Democrats reveals that almost 60% of Brits expect food prices to rise because of the Family Farm Tax announced in the Budget. The Liberal Democrats have tabled an amendment to reject the government’s Finance Bill, given the impact of the budget on family farms.
The ways in which Brits are planning to cope with the price increase are even more worrying, with almost half (44%) of those expecting rises admitting they will buy cheaper alternatives if food prices do rise.
A further 35% of those expecting rises reveal that they will cut back on the food they buy as a direct result of the tax hike revealed by the government in the budget.
The poll reveals the serious effect food price rises could have on people’s health. With 18% of those expecting rises revealing they are likely to buy less fresh fruit and vegetables if prices go up because of the family farm tax.
The impact on small businesses and the high street is also apparent, with 20% of this group saying they will look to shop from bigger supermarkets. This is another hit to small businesses already concerned about the rise in employers’ NIC increase, and the impact the bus fare cap may have on people visiting their local high street.