Business
Whittlesey butcher makes appeal for customers on social media
John Devine/BBCA shop that has housed butchery businesses for more than 100 years could face the chop unless more people use it.
Jones Butchers has stood on Broad Street in Whittlesey, near Peterborough, since 1957 and before it, two other butchers dating back to the early 1900s have been there.
Mark Field, a butcher with 30 years’ experience, took over the business in June but has appealed for more customers on social media, putting his struggles down to the cost of living and the convenience of supermarkets.
Trade association National Craft Butchers (NCB) said beef prices were at an historic high, with the cost of meat generally rising 17%, which had made it tough for independent butchers.
Mark FieldAfter always working for other people in the butchery industry, Mr Field, 47, thought he would try and go it alone and run his own shop after an opportunity arose.
“I am not regretting taking it on because I have a love for the job and I’ve always wanted to do this,” he said.
But despite a summer perfect for barbecues, Mr Field said he had already been forced to cut down on staffing hours and upped his own shift patterns, working 60 hours a week.
GRAHAM JONES“Things have picked up a bit since I made the plea for more customers on Facebook last week, so I will keep my fingers crossed”, he said.
But he added: “The cost of meat has been rising across the board, and I think younger people can sometimes feel intimidated by coming in to a shop where they have to ask for something. They prefer picking up meat in packs from a supermarket.”
BENT AND CORNWELLAdrian Cornwell, who runs Bent and Cornwell in Ely, noticed that business had also been quieter this year.
“We can’t compete with supermarkets on prices, but what we can do is share our vast knowledge with our customers on how best to prepare various cuts of meat,” he said.
Mr Cornwell added that he had tried to replicate how the supermarkets displayed their meat, because “that’s what the shopper expects”.
He agreed with Mr Field that the younger generation seemed to forgo visiting butchers’ shops, preferring the convenience of the supermarket.
Beef prices have increased to historic highs of £7 per kg due to constrained supply and continued consumer demand, said NCB.
According to the British Retail Consortium, food prices rose by 4% in July from a year earlier.
Meat prices have also increased by 17% up to June this year.
John MettrickJohn Mettrick, legislation director at NCB and a fifth generation butcher, said it was “tough for all businesses on the High Street, not just butchers”.
He said his own shop had managed to entice younger customers by selling “kitchen-ready” meals.
“I do a thing called ‘fake-a-ways’, stir fries, Indian dishes, all prepared ready for the oven, it saves so much time,” he said.
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E-cheques coming soon? RBI unveils Payments Vision 2028, plans wider oversight of digital players – The Times of India
The Reserve Bank of India (RBI) on Friday unveiled its ‘Payments Vision 2028’ document, outlining a roadmap that includes exploring electronic cheques, expanding regulatory oversight to digital platforms, and strengthening safeguards in the fast-growing payments ecosystem, PTI reported.The central bank said it will examine the introduction of e-cheques to combine the advantages of paper instruments with the speed and reliability of digital payments. “To leverage the unique benefits of paper-based instruments and the speed and reliability of electronic payments, and cater to new business use cases, the introduction of electronic cheques in India shall be explored,” the RBI said.Alongside, the RBI is considering widening the regulatory ambit to include entities such as e-commerce marketplaces and centralised platforms that play a growing role in facilitating digital transactions.“In addition, e-commerce marketplaces and centralized platforms have been assuming significant responsibilities that could have implications on the orderly functioning of the payments ecosystem. These aspects shall be examined in detail and, if required, the scope of direct regulations shall be extended to cover such entities,” the document said.The vision document also proposes allowing users to enable or disable transactions across digital payment modes, similar to controls available for card transactions.To address fraud risks, the RBI is exploring a “shared responsibility framework” under which both the issuing bank and the beneficiary bank would share liability in cases of unauthorised digital transactions.The central bank also plans to review cheque design and security features, introduce a Domestic Legal Entity Identifier (DLEI) framework for better transaction traceability, and bring in a Cyber Key Risk Indicators (KRI) framework for non-bank payment system operators.Other initiatives include exploring white-label solutions in the Aadhaar Enabled Payment System (AePS), developing interoperability in the Trade Receivables e-Discounting System (TReDS), and introducing a ‘Payments Switching Service’ to ease customer migration across platforms.The RBI said it will also review the cross-border payments ecosystem to improve efficiency and streamline authorisation processes, alongside publishing periodic reports on global and domestic payment trends.Additionally, the central bank aims to enhance access to payment data and reimagine the card payments ecosystem by promoting secure tokenisation, improved transparency in pricing, and greater choice for users and merchants.
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