Food prices

OPINION: Food prices set to soar as hard Brexit approaches

Pushing Britain out of the Customs Union will trigger significant price increases at the supermarket checkout, argues Peter Crosskey.

Outside the customs union, tariffs will shoot up on food coming into the UK, he says.

New taxes on imported food can be expected to add 14% to the cost of getting potatoes through customs or 9% to the price of imported onions, Mr Crosskey adds.

“We’re heading for a sudden and substantial food price increase, just as consumer spending is being squeezed by inflation as a result of the devaluation of sterling,” he claims.

(Source: Politics.co.uk)

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