Beer and bread prices to rise

Workers Press no. 791, 14 June 1972 · scan page 4

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BOOKS BRITAIN'S largest bakers— Rank, Hovis, McDougall— announced yesterday they will increase the price of bread by $p a loaf from June 26.

Mothers SOU Hovis and The which makes Nimble, says it will also be raising the price of flour to the baking trade by 70p per 280lb sack before the loaf price increases. The increase is likely to be followed by others in the Moscow Trials Anth‹ Paperback, 62½р MAX SHACHTMAN :

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NEW PARK PUBLICATIONS 186a Clapham High Street, London SW4 7UG. 2497 London W1 Speaking to reporters, chairman Joseph Rank blamed the increase on rising world wheat prices and said that if they continued to increase at their present rate, another price increase before the end of the year cannot be ruled out.

HARD on the heels of the bread increase forecast came an announcement from Courage, one of Britain's biggest brewers, that further beer increases are PAPERBACKS CENTRE 28 Charlotte St PERIODICALS "inevitable'.

Group chairman Richard Courage told shareholders at yesterday's annual meeting in London that although • their beers were selling well, prices would go up because higher labour costs 'remain a problem'.

He added that he expected the profits srowth to be 'more larked in the second half of the year' and he had 'every confidence for the full year's results'.