Dear All,

Please see below for today’s key Brexit news items:

  • The rate of inflation across the UK was steady in January from a month earlier, further suggesting that the post-Brexit hit to living standards is easing. The Office for National Statistics on Tuesday said that consumer price inflation was 3 per cent in January, the same level as in December and down from 3.1 per cent in November. December’s fall marked the first in the rate since June. Core inflation – which strips out volatile fuel and food costs – was 2.5 per cent last month, unchanged from the previous month. Inflation leaped in the aftermath of the UK’s June 2016 vote to leave the EU. The prospect of Brexit sent the pound falling sharply against a host of other global currencies, which translated into higher import costs forcing a rise in the price of goods. (Independent)
  • Wales’ fishing industry risks being “left behind” in Brexit talks due to its unique needs, a report has warned. While the priority elsewhere in the UK is greater control over seas, the Welsh fleet needed easy access to EU markets, a think-tank said. Most Welsh boats specialise in shellfish, with 90% of their catch currently exported to the EU. The Welsh Government said it wanted to see the industry get “its fair share of fishing opportunities in the future”. The Welsh Fishermen’s Association told BBC Wales that ministers needed to be planning a potential system of subsidies if fish exports were hit by tariffs and delays after Brexit. (BBC)

Many thanks,

Aksa

Author

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