Cable: Households are being hit with a relentless Brexit squeeze

Figures released by the ONS this morning show interest was 3.0% in October 2017, unchanged from last month. The inflation rate for food and non-alcoholic beverages continued to increase to 4.1%, the highest since September 2013.

“Households are being hit with a relentless Brexit squeeze. The weekly shop has become something to be feared for far too many families.” said Liberal Democrat leader Vince Cable.

“These figures should serve as a sharp reminder to MPs debating Brexit today that people’s living standards are at stake.¬†As the real economic consequences of Brexit become apparent it becomes all the more concerning that the Government is pushing ahead with a deal or no deal scenario. This underlines the importance of a genuine vote rather than the insultingly dishonest offer made to Parliament yesterday.”