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‘Shock after shock’: how the weaker pound could affect you

Food, petrol, cars and consumer goods likely to be among products costing more after the collapse in sterling

UK consumers are facing further price rises after the pound fell to an all-time low against the dollar, exacerbating the cost of living crisis. The value of the pound has plummeted following Kwasi Kwarteng’s mini-budget.

Weaker sterling means imported food, petrol, cars and consumer goods will be more expensive, as firms pass the price hikes on to consumers. It is will also drive up the cost of mortgages and foreign holidays.

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from The Guardian https://ift.tt/bEF8pOy
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