Shop Prices Fall and Barclays Boss Bullish #DespiteBrexit

Remember the huge stink kicked up by Remainers last year over Brexit and supermarket prices in the run-up to Christmas? Well, according to British Retail Consortium figures just released, shop prices fell by 1% in the year to March 2018. The BRC said:

 “Shop prices have been deflationary for 59 months now, and this is the deepest deflation since February 2017.”

When general prices ticked up for a brief period many Remainers claimed it was all down to a Brexit effect on the pound. The pound is now correcting to pre-referendum levels at around $1.40 – a weaker pound did not prevent shop prices falling. BRC Chief Executive Helen Dickinson said:

“The support for a zero-tariff trade deal on the end-status agreement between the EU and UK, is encouraging news for retailers, but this needs to be accompanied by a focus on reducing potential customs friction on the movement of goods, in order for retailers to mitigate any further pressure on prices for their customers.

Remainers not in such a rush to write this one up…

Meanwhile Barclays boss Jes Staley has again been bullish on Brexit. The banker suggested he was more concerned about competition from the US than about leaving the EU: “In some ways bigger than Brexit is the decision of the US government to drop tax rates down to 20 per cent.” He said any impact on UK GDP growth would be “incremental and so it won’t make the headlines.” Not covered by any Remain-leaning media this morning…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Jean-Claude Juncker speaking to the Irish Dáil on his preference for drunkeness…

“I have difficulty walking. I am not drunk. I have sciatica. I would prefer to be drunk.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
May Considers Asking to Stay in Single Market for Goods May Considers Asking to Stay in Single Market for Goods
Smith Must Hold Firm Against Grieve Smith Must Hold Firm Against Grieve
Eurotunnel: Don’t Buy Border Scaremongering Eurotunnel: Don’t Buy Border Scaremongering
Shouty Cracker Lord Moat’s Mask Slips Shouty Cracker Lord Moat’s Mask Slips
How Dominic Cummings Cost Taxpayers £20 Billion How Dominic Cummings Cost Taxpayers £20 Billion
Banks Legals Verhofstadt Over Putin Tweet Banks Legals Verhofstadt Over Putin Tweet
Hypocrisy of Chuka Hypocrisy of Chuka
Daily Brexit? Daily Brexit?
Farage vs Verhofstadt Farage vs Verhofstadt
WATCH: Andrea Jenkyns Takes on Remain Protesters WATCH: Andrea Jenkyns Takes on Remain Protesters
Philip Lee Resigns Philip Lee Resigns
Penka Saved Penka Saved
Guy News Special Report : Remain Campaign Cheating Guy News Special Report : Remain Campaign Cheating
No 10 Call DD Stupid No 10 Call DD Stupid
Government Remainers Mock DD for Crying Wolf Government Remainers Mock DD for Crying Wolf
How Brexiteers Lost Control of Brexit How Brexiteers Lost Control of Brexit
Corbyn Backs Free Movement Corbyn Backs Free Movement
Cadwalladr: ‘Unaware of Any Allegations of Cheating by Remain’ Cadwalladr: ‘Unaware of Any Allegations of Cheating by Remain’
Priti Hands Dossier of Remain Collusion Evidence to Electoral Commission Priti Hands Dossier of Remain Collusion Evidence to Electoral Commission