THE owners of some of Britain’s best-known brands are accused of exploiting Brexit to ramp up prices, costing customers millions.Greedy Unilever tried to hike up its prices for a range of products including Marmite, Hellmann’s mayonnaise and PG Tips by ten per cent, citing the UK’s EU exit.Today a Sun on Sunday investigation has unearthed an epidemic of price increases in the pipeline from firms ready to blame Brexit and the falling Pound.Former Cabinet minister Iain Duncan Smith has blasted these “Brexit bandits” as firms are already using the impact of the vote to crank up the cost of iPads, Dell laptops and our holiday cash.And everyday shopping items such as Cadbury chocolate, Majestic wines and Next clothes could increase too.Business analyst Guy Shone said: “Big companies are treating the British high street as a cash cow ready to be milked. They are using Brexit to make bigger profits.”Guy, founder of Explain the Market, added: “Companies are using Brexit as an excuse to bump up prices and make bigger profits.“They say the cost of everything they import has risen so the amount they charge has to change, but it’s just a tactic.“The moment anything happens like this they raise their… Read full this story
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