@kate1028: the slide in the pound means that our imports are exponentially more expensive. The UK is a net importer, so this has an effect across the board. Incidentally, I live in London.
@farnis: fortunately, wiser heads prevail.
@tooltrader lower pound means higher prices like petrol, wheat, coffee, sugar, medicine and everything else that is priced in US$. Also, holidays abroad and everything that is imported over here.
But our exports are cheaper so it's easier to sell abroad.