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Grocery shop bill format for corporations

did you know a new policy could add up to £56 a year to your grocery bill Yes you heard that right and what's more it sparking a nationwide debate that affects every single Shopper in Britain so what's the deal with Labor's so-called grocery tax and how is it connected to Green reforms in our wallets let's break it down all right here's the Scoop Labor's proposed policy officially called the extended producer responsibility or epr is designed to hit the government's zero targets sounds like a win for the environment right well not so fast this policy shifts the cost of collecting and disposing of packaging waste from local councils to the businesses that produce it and you can probably guess what happens next those costs get passed on to us the consumers let's crunch some numbers ing to deer's own impact assessment epr could hike up household shopping bills by as much as £56 a year in a worst case scenario collectively that's a whopping 1.4 billion extra that families across the country could end up paying annually but wait there's more retailers argue this figure could actually be higher the British retail Consortium estimates the policy could cost businesses over 2 billion a year so what's driving these costs under epr businesses will pay a fee based on the type of packaging materials they use for example using plastic could cost £485 per ton while more recyclable options like paper come in cheaper at £215 per ton the goal is to nudge businesses towards Greener practices but critics argue this push might come at a steep price for consumers now here's where it gets even more complicated while the funds from this Levy go to local councils to cover Waste Management costs there's no guarantee that council tax will decrease to reflect these savings that's one of the major sticking points Lord mckin chair of the Net Zero scrutiny committee didn't hold back he called it a grocery tax that piles over a billion pounds of unnecessary costs on consumers and it's not just him industry leaders and economic experts have raised concerns about how this could fuel inflation and burden businesses already grappling with Rising costs inflation by the way is already on the rise and the bank of England warns that policies like these could worsen The Squeeze on household budgets for years to come def's own analysis admits the policy could add 0.07% to inflation it's like adding fuel to a fire that's already burning hot but not everyone's against it proponents argue that epr could pave the way for a worldclass recycling system and reduce unnecessary packaging waste defra claims the policy will create 21,000 jobs and drive 10 billion pounds in investment in the recycling sector over the next decade still the question remains are these long-term benefits worth the short-term pain for consumers and businesses critics like Lord Frost think not he's accused labor of prioritizing green politics over economic growth saying the policy shows a disregard for the financial strain on ordinary families so where does that leave us on one hand you have the potential for environmental progress and job creation on the other Rising grocery bills and added pressure on already strained household budgets it's about banc in act between going green and keeping costs in check what do you think should we embrace the cost for the sake of the planet or is this a step too far during tough Economic Times let us know your thoughts in the comments below and don't forget to like share and subscribe for more breakdowns of policies that affect your life