Article 705FG Overbaked prices? What a Greggs sausage roll and Pret meal deal say about how much Britons will pay

Overbaked prices? What a Greggs sausage roll and Pret meal deal say about how much Britons will pay

by
Richard Partington Senior economics correspondent
from on (#705FG)

Food inflation pushes consumers to the limits of what they are willing to spend, costing retailers sales

When George Osborne came unstuck with his pastygate" budget 13 years ago, a Greggs sausage roll cost 66p: a price from another planet for consumers in 2025.

The Conservative chancellor's plan to impose VAT on hot food - including Cornish pasties and sausage rolls - would have imposed a 20% price rise. The backlash - led in part by the Newcastle-based bakery chain - was swift: Osborne, branded posh and out of touch, was forced into an embarrassing U-turn.

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