Author (Corporate) | United Kingdom: HM Treasury |
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Publisher | GOV.UK |
Series Title | Background Note |
Series Details | May 2016 |
Publication Date | 22/05/2016 |
Content Type | Report |
An analysis on the rising cost of a family shop from a fall in the value of sterling. It was published as part of the UK Government's EU Referendum campaign in May 2016. The analysis showed that that a fall in the value of sterling of more than 10%, caused by uncertainty after a vote to leave, would put upward pressure on the price of imports – after two years this would push up the annual costs of everyday items by more than £220 for a family of four. |
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Source Link | Link to Main Source https://www.gov.uk/government/publications/impact-of-a-sterling-depreciation-on-the-costs-of-a-family-shop-on-food-non-alcoholic-drink-clothing-and-footwear |
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Countries / Regions | United Kingdom |