Senior Liberal Democrats have been commenting on the inflation rise today. I have to say that although 0.5% in a month is a lot, it feels like so much more. The prices of so much of my supermarket shop seems to have gone up by a lot more.
In Scorland, our Economy spokesperson 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.
Our Shadow Chancellor Susan Kramer also blamed Brexit, saying that “You can’t have a hard brexit and affordable prices.”
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A ghost sign near Parliament Hill Fields
Some of the churches of Gower
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