The UK government will expand the sugar tax to include sweetened milk-based drinks, plant milks and iced coffees from 2028, lowering the sugar threshold and signalling tighter fiscal policy ahead of the budget.
Vegetable prices surged 40% in the US last month—the sharpest rise in decades. With UK crops hit by drought and storms, could British shoppers face the same “veggie-flation”?
Asia’s factory output slowed in July, with China, Japan, and South Korea reporting PMI contraction due to ongoing U.S. tariff pressure. India’s manufacturing boomed, but regional outlook remains uncertain.