{"componentChunkName":"component---src-templates-post-js","path":"/food-shopping-falters/","result":{"data":{"ghostPost":{"id":"Ghost__Post__60cc5f8d6e4273003be1dcad","title":"Food shopping falters","slug":"food-shopping-falters","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/06/467.png","excerpt":"Plus: home buyers press ahead without surveys, food exporters slam Brexit “disaster” and offset mortgages spike.","custom_excerpt":"Plus: home buyers press ahead without surveys, food exporters slam Brexit “disaster” and offset mortgages spike.","created_at_pretty":"18 June, 2021","published_at_pretty":"18 June, 2021","updated_at_pretty":"18 June, 2021","created_at":"2021-06-18T08:55:41.000+00:00","published_at":"2021-06-18T09:08:30.000+00:00","updated_at":"2021-06-18T09:08:30.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Sales fall\nSpending in supermarkets dipped in May\n[https://news.sky.com/story/covid-19-retail-sales-find-reverse-gear-as-hospitalitys-return-hits-supermarket-food-12335425] \nas people piled into restaurants and pubs rather than cooking at home. Retail\nsales suffered a shock drop of 1.4% - they’d been predicted to keep growing.\nThey’re still well above pre-pandemic levels though, thanks to last month’s\nbumper 9% rise.\n\nStamp duty deadline\nFrazzled home buyers are cutting corners\n[https://www.telegraph.co.uk/property/buy/property-buyers-resort-extreme-measures-beat-stamp-duty-deadline/]\n* to try and complete before the stamp duty deadline at the end of June.\nConveyances say some are skipping essential surveys that check for flood risks\nand Japanese knotweed - problems that could cost thousands down the line. If\nthey can complete before 30th June, they stand to save up to £15,000 - but\nexperts are warning that many won’t make it.\n\nExport “disaster”\nBritish food and drink exports to the EU fell by £2 billion\n[https://www.theguardian.com/business/2021/jun/18/british-food-and-drink-exports-to-eu-fall-by-2bn-in-first-quarter-of-2021] \nin the first 3 months of 2021, with dairy exports plummeting by 90%. Just a\nblip? Not according to the Food and Drink Federation (FDF) which calls the loss\na disaster and says its a structural issue with Brexit rather than just teething\nproblems.\n\nOffset mortgages\nMore borrowers are using their lockdown savings to reduce the interest they pay\non their mortgage. Brokers are reporting a spike in applications\n[https://www.telegraph.co.uk/personal-banking/mortgages/make-lockdown-savings-cut-price-mortgage/]\n* for offset mortgages, which save you interest in the same way as making\noverpayments does without tying up cash savings.","html":"

Sales fall

Spending in supermarkets dipped in May as people piled into restaurants and pubs rather than cooking at home. Retail sales suffered a shock drop of 1.4% - they’d been predicted to keep growing. They’re still well above pre-pandemic levels though, thanks to last month’s bumper 9% rise.

Stamp duty deadline

Frazzled home buyers are cutting corners* to try and complete before the stamp duty deadline at the end of June. Conveyances say some are skipping essential surveys that check for flood risks and Japanese knotweed - problems that could cost thousands down the line. If they can complete before 30th June, they stand to save up to £15,000 - but experts are warning that many won’t make it.

Export “disaster”

British food and drink exports to the EU fell by £2 billion in the first 3 months of 2021, with dairy exports plummeting by 90%. Just a blip? Not according to the Food and Drink Federation (FDF) which calls the loss a disaster and says its a structural issue with Brexit rather than just teething problems.

Offset mortgages

More borrowers are using their lockdown savings to reduce the interest they pay on their mortgage. Brokers are reporting a spike in applications* for offset mortgages, which save you interest in the same way as making overpayments does without tying up cash savings.

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