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• UK food prices soar by fastest rate on record as cost of living crisis bites

Richard Walker, managing director of Iceland Foods, has warned that rising food prices will get worse.

Walker tells the Today Programme that the prices of staples such as milk, bread and eggs have all jumped - which is worst for households who are struggling the most.

I've got cost prices currently on the table from big branded suppliers that we haven't stomached yet as a business, let alone had to pass on to our customers.

So I think it will get worse.

Food insecurity is inevitably on the rise, and it's the households with kids who are most at risk.

We don't make money on milk, and there will be loss leaders that we have to sell because our customers are simply reliant on it.