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Here's how Brexit is impacting food prices

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28th Jul 17 9:28 am

New study reveals impact

Consumers could face a โ€œsubstantial impactโ€ on the price of food due to Brexit, the IFS have warned.

In new analysis, the IFS warn that uncertainties over tariffs and the value of the pound leave households facing โ€œconsiderable and unpredictable changes in food prices, with the poorest households much more exposed to this riskโ€.

Commenting, SNP MSP Stuart McMillan said: โ€œThis is just the latest evidence of the needless damage that will be caused if the UK leaves the single market.

โ€œNobody voted for the price of food to go up โ€“ but thatโ€™s exactly whatโ€™s risked by Theresa May and Jeremy Corbynโ€™s plans for a hard Brexit, and the poorest households will suffer the most.

โ€œThere is no majority in the House of Commons for the Toriesโ€™ extreme Brexit without Labourโ€™s support โ€“ Labour can help stop it, but instead they are arguing themselves into supporting a harder Brexit than the Tories.โ€

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