Huffington Post (HERE) and the BBC (HERE) and Sky (HERE) are all reporting on the row between Tesco and Unilever about rises in the prices of may famous brands made by Unilever companies. The pound's slump in value by nearly 20% against the dollar and the euro is forcing manufacturers and suppliers to face up to the fact that Brexit is going to cost money.
On the TV at lunchtime, Lord Wolfson, a leading Brexiteer and CEO of Next also warned of price rises but said the government needs to "invest in infrastructure" to offset these increases. I am not sure I can even begin to understand how investment in roads, bridges, railways and so on is going to have any short or even medium term impact on prices in the UK. A cheap currency and a high level of imports is bound to make us all poorer - precisely as he was advised before the vote.
I wonder when he will admit there was no scaremongering at all?
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