The baby formula market is not working for parents, according to the UK's competition watchdog. The industry, which is dominated by two companies, has passed costs down to parents who are often vulnerable and willing to pay more. The watchdog has previously reported a 25% increase in prices over the past two years, with just three companies, Nestle, Kendal, and Danone, controlling 90% of the market. Read more: https://news.sky.com/story/baby-formula-market-needs-shake-up-amid-price-concerns-says-watchdog-13250403 #skynews #babyformula #uk SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
Baby formula market needs a shake-up as parents struggle to afford it
The baby formula market is not working for parents, according to the UK's competition watchdog. The industry, which is dominated by two companies, has passed costs down to parents who are often vulnerable and willing to pay more. The watchdog has previously reported a 25% increase in prices over the past two years, with just three companies, Nestle, Kendal, and Danone, controlling 90% of the market. Read more: https://news.sky.com/story/baby-formula-market-needs-shake-up-amid-price-concerns-says-watchdog-13250403 #skynews #babyformula #uk SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales