Morrisons has completed a deal for McColl’s Retail Group, the convenience store and newsagents chain, with more than 1,100 stores included as part of the takeover.

According to the FDF, food and drink exports across the UK are recovering from the challenges of the pandemic with manufacturers taking advantage of new trading relationships across the world.

The Bank of England has warned that the UK economy will shrink this year as it raises interest rates in a bid to tackle rising prices, including record grocery inflation.

The most recent Which? price comparison analysis asserts that Lidl is the cheapest supermarket for the fifth month in a row.