Food shoppers and motorists will be hit with immediate price rises in the event of a no-deal Brexit, the Governor of the Bank of England has warned. Mark Carney stepped up his criticism of no deal, warning British firms would be forced to close. He also said sterling would suffer if the UK leaves the EU without a deal. He said the biggest impact on prices would be “at the forecourt of the petrol station and in fruit and veg”.
How worried should we be?
Boris Johnson has consistently talked down warnings about the impact of no deal and has considerably stepped up planning to mitigate any fallout. Chancellor Sajid Javid this week announced a further £2 billion in funding for preparations. Mr Carney was responding to criticism from Brexiteers, saying the challenges should not be played down.
His comments came after a leaked Government document suggested a no-deal Brexit could trigger “consumer panic”, food shortages and an increased security threat within a fortnight. The slide, prepared for ministers and obtained by Sky News, says the pound could fall in the first month, while Northern Ireland may face law and order challenges. Marked “official sensitive” and titled “What this could look like on the ground”, it also warns that UK nationals in the European Union could lose access to services and residence rights.
Strictly Come Dancing has revealed that BBC Breakfast presenter Mike Bushell is the sixth confirmed celebrity to be taking part in its upcoming 2019 series. Bushell was rumoured to be on the line-up weeks ago, but was officially confirmed today. Is Strictly still essential weekend viewing? Read the full story and have your say below:
Mother jailed for murdering daughters who ‘got in the way’ of sex life
An “evil” mother who murdered her two young daughters after they “got in the way” of her sex life has been jailed for life with a minimum term of 32 years. Louise Porton was found guilty on Thursday of killing three-year-old Lexi Draper and 17-month-old Scarlett Vaughan less than three weeks apart last year. Mrs Justice Yip described her actions as “evil” and “calculated”, telling her: “These were blameless young children who were plainly vulnerable. You took their young lives away.” Read the full story here (Sky News)
Tens of thousands hit as holiday firms go bust
Two package holiday firms have gone into administration potentially affecting 55,000 travellers. Super Break and Late Rooms went bust on Friday morning with the move affecting 20,000 bookings made through Super Break. Late Rooms had around 23,000 bookings, according to administrators KPMG. The companies were reportedly still urging customers to purchase trips and book hotel rooms just three hours before going under. Read the full story here (Telegraph)
A young motorist narrowly escaped a horrendous collision when a truck smashed through the barrier between the northbound and southbound lanes of a motorway near Newbury, England, on August 1. Bethany Pearson, aged 19, was on her way home from work when the incident occurred. Her car’s dashcam showed just how close she came to being hit. (Storyful)
The new majority ‘enjoyed’ by Boris Johnson after the Conservatives lost the Brecon by-election overnight. The Lib Dems overturned a 8,038 majority to beat Conservative Chris Davies by 1,425 votes. The result means Mr Johnson’s Commons majority has been cut from two to one and means he will have to rely even more heavily on his own MPs and the DUP. There have been numerous knife-edge Brexit votes in recent months with even more set to come. Read the full story here (Yahoo News UK)