Tuesday, 19 Nov 2024

Brexit has fuelled surge in UK food prices, says Bank of England policymaker

Brexit has fuelled surge in UK food prices, says Bank of England policymaker


Brexit has fuelled surge in UK food prices, says Bank of England policymaker
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Brexit is contributing to a surge in food prices as the country heads into recession, a senior Bank of England policymaker has warned.

The MPC will make its next decision on interest rates on 15 December, after imposing eight successive rises in a year to control inflation.

Dhingra is the latest in a line of Bank of England figures who have broken their silence about the negative effects of Brexit on the economy.

Among all voters, a total of 59% want to rejoin the EU (34%) or have a closer relationship while remaining outside the bloc (25%). Only 15% want the status quo and 14% want even less to do with the EU. About 63% believe the UK should have a relationship which would allow it to regain access the EU single market, against 14% who oppose the idea.

In a sign that people increasingly dislike the reality of border controls, 57% support removing all document and identity checks (such as passport controls and documents for exports and imports) while 21% do not.

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