Scot Lib Dems: Brexit inflation hurts the poorest


Scottish Liberal Democrats have today warned that the sharp rise in inflation is a direct result of Theresa May's pursuit of a hard Brexit. 

New data shows that UK inflation rose to 2.3% in February 2017.

Scottish Liberal Democrat economy spokesperson Cllr Carolyn Caddick said:

“Rising inflation shows that the British public are paying the price for Theresa May’s decision to take Britain out of the Single Market. With the pound falling in value by 18% since the referendum, the price of imports have shot up and broken the official target. Every Scot going on holiday abroad is seeing that their pounds do not buy what they used to.
 
“Worst of all, the dramatic leap in food prices is hitting the poorest the most.

“The fragile UK economy has been kept on life support by consumer spending, but with prices rising, that is now threatened. If Theresa May should change course immediately, and recognise that you can’t have a hard Brexit and affordable prices.”


Share this post on social media: