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05-23-2016, 05:31 AM
LONDON: British Prime Minister David Cameron warned voters on Sunday that they would face higher grocery bills if the country decides to leave the European Union at a June 23 referendum, citing a potential drop in the value of sterling.
Cameron is leading the campaign to keep Britain inside the European Union ahead of the referendum, the outcome of which will have far-reaching consequences for the country’s eco**my, its role in world trade and its global diplomatic status.
"Independent studies show that a vote to leave would hit the value of the pound, making imports more expensive and raising prices in the shops," Cameron said in a statement. His comments mark a shift in campaign tactics by the ‘In’ side: a push to make explicit the link between the macroeco**mic risks that have dominated the Brexit debate so far, and their potential impact on Britons’ daily lives.
"This isn’t about dry eco**mics; this is about the eco**mic security of hardworking families in Britain," he said. The warning comes from a government analysis of the short-term impact that a British exit would have on voters. It modelled a 12 percent fall in the value of sterling, a figure it said was based on external impact assessments, and predicted the effect on prices after two years.
The analysis said the average family’s weekly food and drink bill would rise by almost 3 percent, or 120 pounds per year, and that clothing and footwear costs would rise by 5 percent, or 100 pounds per year.
Andy Clarke, chief executive of supermarket chain Asda , said Brexit would cause uncertainty on prices, and restated that the firm wanted Britain to stay in the EU. However, the rival ‘Out’ campaign disputed the government analysis, saying that "protectionist" EU policies pushed up prices.
"That’s okay for big business fat cats but it’s **t good for British families," said Vote Leave Chief Executive Matthew Elliott. Six out of the last seven polls published in the last week have shown the Remain campaign in the lead, and on Saturday two major bookmakers offered the shortest odds to date on a vote to remain.
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Cameron is leading the campaign to keep Britain inside the European Union ahead of the referendum, the outcome of which will have far-reaching consequences for the country’s eco**my, its role in world trade and its global diplomatic status.
"Independent studies show that a vote to leave would hit the value of the pound, making imports more expensive and raising prices in the shops," Cameron said in a statement. His comments mark a shift in campaign tactics by the ‘In’ side: a push to make explicit the link between the macroeco**mic risks that have dominated the Brexit debate so far, and their potential impact on Britons’ daily lives.
"This isn’t about dry eco**mics; this is about the eco**mic security of hardworking families in Britain," he said. The warning comes from a government analysis of the short-term impact that a British exit would have on voters. It modelled a 12 percent fall in the value of sterling, a figure it said was based on external impact assessments, and predicted the effect on prices after two years.
The analysis said the average family’s weekly food and drink bill would rise by almost 3 percent, or 120 pounds per year, and that clothing and footwear costs would rise by 5 percent, or 100 pounds per year.
Andy Clarke, chief executive of supermarket chain Asda , said Brexit would cause uncertainty on prices, and restated that the firm wanted Britain to stay in the EU. However, the rival ‘Out’ campaign disputed the government analysis, saying that "protectionist" EU policies pushed up prices.
"That’s okay for big business fat cats but it’s **t good for British families," said Vote Leave Chief Executive Matthew Elliott. Six out of the last seven polls published in the last week have shown the Remain campaign in the lead, and on Saturday two major bookmakers offered the shortest odds to date on a vote to remain.
http://feeds.feedburner.com/~r/World-TheNewsInternational/~4/d099OQhn9yU
أكثر... (http://feedproxy.google.com/~r/World-TheNewsInternational/~3/d099OQhn9yU/122001-Brexit-would-drive-up-food-prices)