Powered by

Brexit food price warning overdone, says minister

Mar 01, 2018 - The Daily Telegraph (London)

CLAIMS food prices will soar on a "no deal" Brexit are based on a misunderstanding of the global trade system, according to minister George Eustice who said that even in such a scenario food costs should hardly change.

"In what you might call an extreme scenario of World Trade Organisation tariffs - and it is extreme, because you would have the freedom to change those tariffs if you want - prices might go up by about 4pc," he said, citing research from the Resolution Foundation. "And if yo...