Big food companies must be held to account in obesity crisis | Letters
Zoe Williams is right to call out the lack of affordable healthy food for people living on the lowest incomes, as well as the need to stop preaching healthy eating and instead address the root causes, including the way our food industry operates (The way to tackle obesity in the UK is to make healthy food affordable,But the government won’t admit it, 30 June),But it’s not as simple as demanding more price cuts, which could end up falling even harder on the very low-wage workers and farmers struggling to survive, rather than the big food profiteers she is calling out,Williams points to Hungary as an example, where there is also an additional levy on production and sales of unhealthy food and drink, with the money raised supporting nurses’ wages and public health interventions,Similar models could be deployed in the UK to get big food companies to change their recipes while subsidising fruit and vegetable access via school meals, early years feeding support or community initiatives.
Let’s hope the forthcoming food strategy will adopt some of these more ambitious solutions,Barbara CrowtherManager, Children’s Food Campaign, Sustain Zoe Williams’ analysis of the links between obesity and big food is spot on,Another turn in the screw I’ve experienced is that, at least in the case of the two excellent local food banks where I have volunteered, a large proportion of the food distributed – pasta, bottled sauces, biscuits and cakes, white bread – comes from big supermarket chains,Many service users tended to shun healthier choices,I suspected this was through lack of the surplus hope, energy and curiosity required to shift from habitual eating patterns and addictions.
As, with far less excuse, I find it hard to limit my intake of chocolate and wine,Eithne Dodwell Bradford Have an opinion on anything you’ve read in the Guardian today? Please email us your letter and it will be considered for publication in our letters section,
Bank of England rolls out looser mortgage rules to help first-time buyers
The Bank of England has rolled out looser mortgage rules that policymakers hope will help 36,000 more first-time buyers on to the housing ladder each year.New guidelines announced by the UK’s central bank mean that individual banks and building societies can offer more high loan-to-income (LTI) mortgages, which are equal to, or worth more than, 4.5 times a borrower’s annual earnings.While high LTI loans are usually considered more risky, the Bank said most banks were not taking advantage of their individual caps, meaning there were fewer available to borrowers than hoped.Sam Woods, the chief executive of the Bank’s regulatory arm, the Prudential Regulation Authority, said the changes should benefit tens of thousands of first-time buyers
Prax Lindsey oil refinery owners urged to ‘do decent thing’ for workers
The UK government has written to the husband-and-wife team behind the insolvent Prax Lindsey oil refinery in Lincolnshire urging them to “do the decent thing” and support affected workers financially, amid mounting concern that finding a buyer for the plant will be difficult.In a letter to the Prax Group owners, Arani and Sanjeev Kumar Soosaipillai, seen by the Guardian, the junior energy minister Michael Shanks said the government was “urgently exploring what support can be offered to the workforce at this difficult time”.He added: “However, we strongly encourage you to do the decent thing and publicly commit to make a voluntary financial contribution to support workers at [Prax Lindsey Oil Refinery].“This could be through direct financial support to them or funding for retraining schemes to ensure that they can pursue new job opportunities if the refinery cannot be sold.”More than 100 fuel tanker drivers were told on Monday they had lost their jobs
Seven UK housebuilders to pay £100m to fund affordable homes after CMA investigation
Seven housebuilders have agreed to pay £100m to affordable housing schemes after the UK competition watchdog found evidence that they may be sharing commercially sensitive details that affect the price of homes.The developers – Barratt Redrow, Bellway, Berkeley Group, Bloor Homes, Persimmon, Taylor Wimpey and Vistry – have not admitted any wrongdoing but have agreed to make the combined payment, which will be split between affordable housing programmes across the four UK nations.The Competition and Markets Authority (CMA) opened its investigation into the housebuilders last year after it found evidence of information sharing that “prevented and distorted” competition, including on pricing levels, the number of property viewings, and incentives offered to buyers such as upgraded kitchens or stamp duty contributions.The housebuilders have told the CMA they will refrain from sharing certain types of information with other housebuilders, including prices that homes have been sold for, except in limited circumstances.If the watchdog accepts the commitments, they will become legally binding and mean it will not have to decide whether the housebuilders broke competition law
Looser bonus rules and tax breaks needed to save London stock market, says CBI
The London stock market risks “drifting into irrelevance” without government and regulatory reforms, ranging from tax breaks for stock market listings to looser bonus rules for directors, a lobbying group has said.The 20 recommendation put forward by the Confederation of British Industry (CBI), which lobbies on behalf of UK businesses, suggest financial incentives, marketing campaigns and boardroom pay are central to guaranteeing the future success of the London Stock Exchange, which has been losing stock market listings and floats to foreign rivals.“With domestic capital shifting away from UK equities, new listings having slowed … and high-growth firms often looking overseas to raise capital, the UK stands at a pivotal moment for the future of its public equity markets,” the CBI said.The lobbying group claims that tax breaks could persuade more companies to list their shares. By making the costs of a flotation or initial public offering (IPO) tax deductible, the government would be ensuring more cash is available for reinvestment and growth, the CBI’s Revitalising UK Public Markets report said
London’s stock exchange needs a shot in the arm from the Treasury | Nils Pratley
A marketing campaign to promote the joys of investing in the London stock market? The idea may sound slightly desperate, and will fall flat if proponents think they are rehashing the one-off “Tell Sid” privatisation campaign for British Gas from 40 years ago. But, actually, yes, give it a go.As the CBI puts it in a report out on Wednesday, a “new narrative” is needed to stop the London Stock Exchange drifting into irrelevance. Since 2016, 143 UK-listed companies have exited to private equity takeovers. That tally is depressing if one agrees that corporate transparency and accountability are better in the public arena and that a healthy economy needs a buzzy exchange
ASA cracks down on online pharmacies advertising weight loss injections
Online pharmacies are no longer allowed to run adverts for weight loss injections, the advertising watchdog has ruled, as part of a crackdown on what has been described as a “wild west” culture of online selling.In the UK, advertising prescription-only medications (POMs) – which includes all weight loss jabs such as Wegovy and Mounjaro – to the public is illegal. However, a Guardian investigation previously found some online pharmacies either breaking these rules outright, or exploiting grey areas to peddle the medications to the public.Now the Advertising Standards Authority (ASA) has released nine new rulings that, it says, will set clear precedents for advertisers.The ASA said the new rulings meant that while pharmacies could continue to mention weight loss injections on their websites, provided they were not shown on homepages or landing pages from other links, adverts were banned from using the phrases “weight loss injections” and “weight loss pen”, and the treatments must instead be marketed as part of a wider service, including a consultation and prescription
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