Ten Things You Need to Know Today: Saturday 5 Jan 2013

1. HUGE FOOD PRICES ON THEIR WAY

Huge increases in food prices will hit British shoppers this year says the managing director of Waitrose. Mark Price says the recent increase in the cost of bread and vegetables is "just the tip of the iceberg" and that "everything will be hit" by the next rise. With crops damaged by last year's wet weather, there is set to be a crisis in food "for the foreseeable future", says Price.

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