Don't blame the Bank. Blame the Other "B"

^ Rank amateur.  Doesn't know the difference between stock market and currency market.  Thinks that FTSE100 is a currency market.  

And what is this nonsense that there's no correlation between the purchasing power of sterling and the UK economy?   

If you, Einstein, were to purchase a brain for yourself from the EU worth €10 and the forex rate was €1 for every £1, your cost would be £10.  If the pound was stronger than the euro and the rate was, say, €1.25 for every £1; then your cost would only £8.00.  But if the exchange rate was €0.75 for every £1; then your cost in pounds would be £13.33.

Now, apply the same logic to the our imports from the EU and see if there's no correlation with our trade balance and the whole economy.

Well, yeah!?  You did say there's no correlation between the strength of the sterling (or its purchasing power) and the strength of the economy.  I just rephrased it in my response.  So.  What in the world is that nonsense all about???

Obviously, your decades travelling to and from Europe never taught you anything about currencies and currency valuation.  

Don't try to lecture people on currencies and economics.  You don't even know the difference between a stock market and a currency market.  

www.theguardian.com/politics/2023/jun/26/post-brexit-import-checks-risk-further-pushing-up-food-prices-industry-group

Post-Brexit import checks risk further pushing up food prices – industry group

Traders will not be able to absorb estimated £10m extra cost on goods entering from EU, warns Fresh Produce Consortium

The UK’s post-Brexit border strategy risks further pushing up food prices, according representatives of Britain’s fresh produce industry.

Traders in the food supply chain are warning they will not be able to absorb the extra cost of charges levied for import checks on goods entering the country from the EU and the rest of the world, due to be introduced in the new year.

Estimated additional annual costs of more than £10m stemming from import charges would have to be passed on to consumers, fuelling food inflation just as prices are thought to have peaked.

The Fresh Produce Consortium (FPC), an industry body that claims to speak for 70% of the UK’s fresh produce supply chain – including businesses that produce, package, move and sell fresh fruit, vegetables, cut flowers and plants – has written to ministers to share its members’ concerns about the UK’s post-Brexit border strategy.

Unexpected increases to delivery times are particularly problematic for perishable items and could have a big impact, the FPC said, as the UK imports about two-thirds of the fruit and vegetables eaten by British households.

The FPC’s warning of the impact of the new border proposals on food imports was sent in response to the government’s consultation with industry on its new border strategy, known as the target operating model (TOM).

Among the proposals made in the draft strategy issued by the Department for Environment, Food and Rural Affairs (Defra) and the Cabinet Office is the introduction of a charge of up to £43 for each consignment from January 2023.

The FPC estimates that lorries carry on average 10 consignments, while 1.2m consignments of fresh produce enter the UK each year. As a result, it estimates that the fresh produce industry could face up to £11m in extra costs each year, just as a result of the introduction of a £43 charge on each consignment arriving in the country.

Businesses that are struggling to keep their spending under control at a time of elevated inflation will have no option other than passing on the new import costs, said Nigel Jenney, the FPC chief executive.

The UK sources fresh produce from about 100 countries, but the majority of imports enter the country from the EU, even if they have not been produced there.

It's not The Guardian saying it.  It's a consortium called Fresh Produce Consortium.  The Guardian is just reporting it.

Indeed, we can buy food, commodities from anywhere in the world -- that's always been the case.  The question is, do we want to buy food and commodities from anywhere in the world. 

Why even ask such a question?

More ignorance. You're obviously unaware that whilst in the EU we were in the Customs Union which raises tariff barriers against trade with non-EU members. Buying food - or anything - from the Commonwealth became very expensive. Not anymore.