Inflation looks like eating into benefits (pun excused).
This is very bad news since the government started setting benefits by cash value rather than leaving them linked to the Consumer Price Index.
Latest product to look like it could cost more soon is the humble KitKat.
The British were up in arms when Marmite and other major brands momentarily disappeared from shelves because of a row over the falling pound. Now the Kit Kat might be the next to fall foul of the slumping currency.
The cost of the four-fingered chocolate bar, as well as other products made by Nestlé could rise, the firm said, because of sterling’s woes. Its chief executive, Peter Bulcke, said price rises was one of the options being considered.
The Swiss firm on Thursday cut its sales target for the year because of currency devaluation and sluggish growth. It reported an organic growth rate of 3.3 percent in the three quarters to September (it had forecast 4.2 percent) and lowered its full-year growth forecast to 3.5 percent.
Wot next, Maltesers? Where will it all end, we ask? Benefits are not going up by 15%
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