Sinn Féin Foyle MLA Raymond McCartney has said warnings by the Bank of England about a huge hike in food prices are a very real scenario if the DUP’s reckless Brexit agenda becomes reality.
He was commenting after the Bank of England boss Mark Carney told a Westminster Committee a no-deal Brexit could result in a 10 percent rise in food prices.
Raymond McCartney said:
“Warnings by the Bank of England of soaring food costs reiterate the damning impacts that the DUP’s reckless cliff-edge Brexit agenda will have on ordinary people.
“Many people in the north are already struggling as a result of the cruel austerity agenda being pursued by the Tories and the DUP.
“Any rise in food prices will also be matched with a rise in inflation rate which will further impact on standards of living and devastate the local economy.
“A crash out Brexit means insecure, unsafe and increasingly expensive food supplies will become a living reality for many families in the north.
“Sinn Féin have always said there is no good to come from Brexit. It is now imperative that the backstop – as agreed in the Withdrawal Agreement – is maintained to protect our economy and prevent a hard border on the island of Ireland.”