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I think what Brian is getting it..and they said it on Newsnight last night, is that the Pound£ has lost a huge amount of its value in recent years. they gave a more exact figure than that on Newsnight but I just cant remember it off the top of my head. This means that the buying power of the Pound£ is much lesser...ie you get less for your money overseas, so the cost of imports rise, and prices correspondingly rise in the shops. And being an island we do a lot of importing.
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