UK food prices set to rise after Brexit vote

Plunging pound and Britain's reliance on imports will mean higher prices, says farmers' leader

Food prices are likely to go up as a short-term consequence of Britain's voting to leave the EU, owing to the UK's dependence on imports, according to the president of the National Farmers Union.

Meurig Raymond said the EU referendum result had been a "political car crash" and that UK farmers who receive up to 3bn in subsidies from the EU each year were headed into "uncharted waters".