michael adams wrote:
"Rod wrote in message
...
,

Like hell it is. Even if the pound does slump, that
will make exports much more successful

The UK imports 40% of its food.

I'm sure people on fixed incomes, pensioners,
people on benefits etc. are licking their lips
in anticipation.


michael adams

...



EU food prices are higher than world food prices. In many
foods, the ingredients are less than 10% of the selling price, so any
increase in final price will be very low. That's assuming no competition
to force selling prices down.