Tim Lombard (Fine Gael) | Oireachtas source

I welcome Mr. Power. I was very interested to hear his comments on the UK economy and how it had reacted since the vote last May. It is unique that there was an initial dip and that it then picked up. There were thoughts initially that food price inflation in 2017 would be a big issue in the UK market and that, depending on to whom one talked, prices would jump by 4% to 8%. Taking into consideration the bounce in sterling in the last few weeks and months, does Mr. Power think there will still be food price inflation? Does he consider that there will be a jump in prices of 4% to 8% or that, as a result of the change in sterling, it will not be an issue?