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Rennie: Rising inflation shows cost of Brexit

May 16, 2017 11:00 AM
Originally published by Scottish Liberal Democrats

Scottish Liberal Democrat leader Willie Rennie has today described the news of a leap in inflation as the clearest sign yet that Brexit is damaging the British economy.

The news that inflation has jumped to 2.7% confirms long-held Liberal Democrat warnings about the impact of Brexit, with businesses struggling to contain rising costs and consumer demand being squeezed.

Mr Rennie said:

"This rise in inflation shows the cost of Brexit.

"The public are seeing the cost of a weekly shop go up; the cost of holidays going up and this is before it really hits.

"Once the dramatic consequences of Brexit become clear, the Liberal Democrats say that the public should have the final say on whether Theresa May's Brexit deal is right for them in a Brexit deal referendum.

"If Theresa May brings a bad Brexit deal then we should be able to reject it and have the option to remain in Europe."