Saturday, 24 December 2016 06:59

BREXIT SET TO BITE ON THE CHRISTMAS DINNER TABLE

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The SNP’s Europe spokesperson has warned that the UK government’s bumbling plans has left families across the UK bearing the brunt of Brexit as food manufacturers increase prices due to the uncertainty caused by the UK leaving the EU.

As families prepare for Christmas, food manufacturers have warned that higher inflation and weakening of the pound has led to some price hikes.

The SNP’s Europe spokesperson, Stephen Gethins MP, has criticised the UK government for six months of silence over the government’s preparations with the EU and warned that the instability caused by the government’s silence risked hitting ordinary families, small and large businesses and increased reluctance from businesses to invest in the UK.

As families prepare for Christmas, food manufacturers have warned that higher inflation and weakening of the pound has led to some price hikes.

In October, Nestle hinted at potential price changes in the face of uncertainty, with the Chief Executive Paul Bulcke stating that they were considering “all options”.

Leading brands Walkers crisps and Birds Eye fish fingers also joined the increasing list by increasing prices of up to 12% and looking to reduce products size as the devaluing of the pound hits production and Unilever products in leading supermarkets had also risen by an average of 5.7% in an average shopping basket.

The increase in costs follow on from the Chancellor’s Autumn Statement that revealed the Brexit bombshell of higher borrowing, higher debt and higher inflation and slower economic growth.

Stephen Gethins MP, the SNP’s Europe spokesperson, said:

“The UK government can talk about trade deals and economic growth, but the fact remains, that it is ordinary people across the UK who will be bearing the brunt of Brexit over Christmas dinner this year. The cost of Christmas can be challenging for many families just managing to juggle finances without Brexit adding to their worries. They are the ones left having to look at pricier products on the shelves and receipts in the supermarkets.

“The March deadline for triggering Article 50 is fast approaching and the reality is that this government is no clearer to a plan than it was six months ago.

“The Prime Minister might very well want to have her Christmas “cake and eat it”, the trouble with that is that the UK won’t be at the very table where the cake is being served if her government is intent on dragging us out."

Price of 20 Unilever products up by average of 5.7% since Brexit vote –

https://www.theguardian.com/business/2016/nov/07/price-of-20-unilever-products-up-by-average-of-57-since-brexit-vote

Nestle hints at price rises as pound value crash

http://www.independent.co.uk/news/brexit-nestl-price-rises-pound-crash-dollar-euro-currency-exchange-unilever-a7371131.html

Birds Eye and Walkers ask supermarkets for up to 12% price rises

https://www.theguardian.com/business/2016/nov/06/birds-eye-walkers-supermarkets-price-rise-brexit-vote-pound

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