‘Supermarket battle highlights cost of Brexit for households’ – Murphy

Sinn Féin MLA Conor Murphy said the current pricing battle between supermarkets and multinational companies highlights the cost of Brexit for households.

The Chair of the Economy Committee said, “The current supermarket battle with multinational companies over the pricing of goods on our shelves is indicative of the negative impact of Brexit.

“The fact that multinational companies are now seeking to protect their profits and those of their shareholders following a drop in the value of sterling will undoubtedly lead to higher prices for consumers.

“Given that the people of the north already have the highest cost of living, above England, Scotland and Wales, this will have a greater impact here. Brexit will ultimately see people paying more for their goods and food items as we are largely dependent on imports.

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He added, “The cost of imports has risen with a drop in the value of the pound and this will have knock-on effects. The Westminster Tory cabinet of millionaires will surely not feel such an impact, but the ordinary man and woman on the street will. It boils down to one thing – Brexit doesn’t mean Brexit, it means higher costs and greater hardship.”

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Posted by Newry Times News on Oct 18 2016. Filed under Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry