Brits to feel pinch of record food costs for months despite inflation falling

after falling insolvent for the second time in three years.

A dealmaking drought hit fee income in the investment bank division as financial advisers had a quiet year. Barclays has put aside £1.2billion to cover a potential rise in customers falling behind on debt payments. Shares were boosted following better-than-forecast inflation numbers as fears of a global recession ease.THE maker of Heinz baked beans and tomato ketchup said it would stop hiking prices as shoppers were increasingly switching to cheaper alternatives.said yesterday its profits would suffer as it would have to absorb more of the higher costs from rising dairy, soy and packaging prices.The cost of living crisis has prompted more shoppers to switch to cheaper own-brands.

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