A Government source has advised that unless the pound stabilises ‘swiftly’, which is highly unlikely given the fragility of the financial markets after the nation decided to exit the European Union, there will be an almost immediate price hike in fuel costs.
The hike will be caused by the fact that the pound dropped to 40 year record levels over night on a commodity which is traded in Dollars.
The move if it happens will further impact the UK economy and cost of living as well as hitting haulers hard at a time when many will look at the decision to change our trading as a period of great uncertainty for their businesses.
