Monday, 27 June 2016

NFU warning on food prices

The National Farmers Union has issued a warning that the falling pound will impact on food prices (HERE). We import 40% of food products and the weaker pound will be reflected in an increase to may items of food.

This is going to affect those who can afford it least - but paradoxically, probably the people who were more likely to vote leave.

A NFU spokesman described the EU referendum as a "political car crash".  Richard Lim CEO of Retail Economics warned that consumer confidence in the UK will now be "choked" by "volatility and fear".

This is just the outcome that Remain said would happen but were condemned as scaremongers.

Prospering like never before.

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