13/10/2016 00:00
Marmite is a bit like the European Union: you either like it or hate it, and now this popular "best of British" brand is at the centre of a row over Britain´s exit from the European Union. Everyone knew that the ride over the coming months was going to be choppy as Britain moves towards a divorce but I don't believe that everyone thought that it was going to be as hard and even costly. The slump in the value of sterling has naturally hit British imports and Marmite is one of them. A weak currency is fantastic for exports but bad for imports.
7 comments
To be able to write a comment, you have to be registered and logged in
Is it possible that the very people who voted to leave and according to the polls middle England are very people who will be most affected by the downturn in the £ and increase in the cost of living if it should continue for some extended length of time ?
I've been consistent all along that leaving the EU would be disastrous for the UK BUT it was put to a democratic vote (however specious the arguments by both sides) and the decision to leave wasn't a landslide but it was clear enough. So why all this continual harping on about NOT leaving? I worry about the future now for my children who will have their incomes eroded, their working years extended, their health care reduced, their pensions drastically cut, a difficulty finding somewhere to live that they can afford, and many years of serious political unrest: that's my "take" on Brexit and I'd be delighted to be proved wrong. The decision was made by a majority. I value living in a democracy. I must do my best with the result. The columns of this newspaper were filled with Brits "wanting their own country back" - well, now you 've got it and you must do your best with it too
There is also the distinct possibility that firms are going to pull of Britain if it leaves the single market. These are not threats, this is not scaremongering, this is the truth. Jason, please explain this contradictory observation?????????
What a complex situation, re marmite - although produced in the UK, many of the ingredientes are imported and therefore have increased due to currency exchange, the ingredientes could be purchased within the UK and therefore could increase job opportunities etc etc. Still so much scaremongering from all sides I fear nothing will recover until the path begins to be walked down
I thought I'd picked up The Guardian by mistake this morning...
"over the last few weeks I suspect many are having second thoughts."Theressa May isn't. And therein lies your problem.
Marmite is produced in Great Britain. This again is another negative media story. Unilever is pushing its weight around. I am very pleased Tescos has withdrawn all their products, I hope other supermarkets do the same. Unilever and Proctor & Gamble were greedy bullies 20 years ago and they continue to be. This is nothing to do with Brexit, just large corporate greed using Brexit as an excuse.