Possibility to increase the food price in uk

                           Possibility to increase the food price in Uk

Bank of England's governor Mark Carnon fears that if the breakthrough process is chaotic then the food prices in the UK are likely to increase by 5 to 10 percent. He told the MPs that if the situation deteriorates then the food prices could increase up to 10 percent. But if it does not, then the price can increase up to 6 percent.

What will be the effect of the breaks? Bank of England and its governors have tried to evaluate it differently. They have seen that there is a risk of negative impact on the economy. Mark Kenner's colleague Sir John Conlin said that the United Kingdom imports almost half of the food needs.

Due to the increase in pound dues, customs duties and business transactions on the border, food prices will increase. Due to the revenue committee of the country, he said, "If the situation deteriorates then the cost will increase by 10 percent."

Bank of England Governor Mark Carney also said that the ports of the country are not ready to trade under the rules of the World Trade Organization (WTO) if the deal breaks out. He said, 'During this time our ports are not ready to build relationships under the rules of the WTO. My colleagues, my representatives went to these ports and talked directly with the officials. We've talked to private logistics companies. So I can say that we have collected the information directly. '

But many MPs challenged them because they were spreading fears about the breaks. Because of the response, he said, 'They worked a lot in making the evaluation on behalf of the bank. But this is not a test, we have not been awake all night. "He said that a group of 20 senior economists had evaluated this for a few years. Apart from this, 150 officials of the bank have been added to the work. Then the Committee on Monetary Policy and the Bank's Financial Policy Committee evaluates this report.

The central bank's responsibility to look after the financial sector of any country. In the uncertainty of the uncertainty, the financial sector has been truncated. The governor said that the central bank is satisfied with the preparation of its own sector. Because, Central Bank is ready for the worst situation. He said, 'We are sleeping well tonight. Our financial sector has prepared for the worst situation. '

Meanwhile, Deputy Governor Sam Woods also appeared before the MPs. He said, after the referendum, after the referendum, five thousand people in the UK's financial sector have lost their jobs, as a numerical number, it is 'very few'.

However, in the government's analysis a few days ago, if the British Prime Minister Theresa May Brextet was adopted, the British economy would contract 3.9 percent in the next 15 years. And without a new contract, the economy can contract up to 9.3 percent if it breaks.