Brexit Marmite shortage 'is only the start'

Brexit Marmite shortage 'is only the start'

Tesco’s decision to remove Marmite and other top brands from its stores may be only the start, it has been claimed.
The row between Tesco and grocery giant Unilever shows how Brexit could lead to higher food prices for British consumers, said MP Steve McCabe (Lab Birmingham Selly Oak).
It’s a result of the British Pound Sterling currency falling in value after the Brexit vote.
A weak Pound means goods imported into the UK effectively become more expensive. Shops then have a choice between accepting a cut in their profits or passing the extra cost on to the public by putting up prices.
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13 October 2016 in Regional West, Views: 33

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