Food prices

Food prices to jump a fifth after Brexit, experts warn

Food prices will rise abruptly if the UK leaves the EU without a trade deal, according to food scientists who say that the country is not prepared for “the most complex ever change” to its food system.

The three professors say in their report that there is no government vision for food or agriculture, yet prices, quality, supply and the environment will all be adversely affected by Brexit.

They cite estimates by the British Retail Consortium that tit-for-tat tariffs on food imports would push up commodity prices by 22%.

British consumers have not been informed about the “enormous” implications of Brexit for their food, a third of which comes from other EU countries, say the academics.

(Source: The Times & The Sunday Times)

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