Supermarkets might be winners from Brexit. Might, that is, according to Andrea Felsted, a Bloomberg Gadfly columnist.
The pound may fall on a vote to leave the EU, and that would raise the cost of buying food from suppliers outside of the UK. As Britain produces just 54% what it consumes, it’s fair to expect a broad hike in food prices. While that might seem like bad news for big supermarkets, already grappling with cut-price rivals, inflation can actually be a benefit.
Read the full article on the Bloomberg website