Brexit

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Brexit could push up food prices, IFS report shows

The Institute for Fiscal Studies said that the lowest 10 per cent of families would be the most affected

A report released by the Institute for Fiscal Studies (IFS) has found that Brexit could have a “substantial impact” on UK food prices, with the worst effects being felt by the poor.

The report states that the implementation of trade tariffs and a drop in the exchange rate could increase the price of food.

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Brexit will hit Aberdeen harder than any other city in UK, report says

Economic decline is expected in all parts of the UK, regardless of hard or soft Brexit

ABERDEEN will be the most affected city in the UK by Brexit, with Edinburgh also in the top 10, a new report shows.

Research done by the Centre for Economic Performance (CEP) at the London School of Economics and the Centre for Cities predicted an economic downturn of 3.7 per cent for Aberdeen and 2.7 per cent in Edinburgh in the event of a hard Brexit.

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