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#1 15-12-2020 10:33:24

meda
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Could Brexit make my food more expensive?

Could Brexit make my food more expensive?

https://ichef.bbci.co.uk/news/976/cpsprodpb/F0E8/production/_115927616_gettyimages-1198919016.jpg

On 1 January, Britain will stop following EU rules, and we'll have a new trade relationship with Europe.

We don't yet know what that relationship will be, but the effect will be felt by everyone - in their shopping basket.

Why will Brexit affect the food I buy?
Just over a quarter of all food eaten in the UK is produced in the EU.

Even though the UK left the EU on 31 January this year, trading with the EU carried on as it did before. Spanish lettuce, Dutch tomatoes, French wine and Danish bacon came
into the UK without checks on the border, and without the UK government applying any import taxes - known as tariffs.

After 1 January, the rules change but agreement is still being negotiated, but there are two main possible outcomes.

- The UK and the EU may agree a new trade deal, which allows those imports to continue without tariffs being paid.
- Or, if the UK and the EU can't agree a deal, trade between the countries must follow to the rules set out by the World Trade Organisation (WTO) which include significant
tariffs on foods heading both directions.

Will food be more expensive after 1 January?
Under WTO rules, supermarkets and other importers would have to pay substantial tariffs on many foods they bring in from the EU.

Meat and dairy products face particularly high tariffs, but many other areas including fruit and vegetables would be also affected.

As an extreme case, the London School of Economics estimates that some speciality cheeses such as halloumi and roquefort could be 55% more expensive.

(Tariffs don't just apply to food - cars made in the EU, for instance, would attract a 10% tariff. But food and drinks are the area where the highest tariffs apply.)

Could there be food shortages?
A no-deal scenario would mean significant extra paperwork on goods which currently enter the UK without checks, which could delay some deliveries of food from the EU.

Some British ports are already seeing delays in getting shipments through, with increased traffic partly caused by importers rushing to beat the 1 January deadline.

Many retailers including Tesco have been stockpiling goods in preparation for some disruption.

Retailers are increasing their stocks of tins, toilet rolls and other longer life products, the British Retail Consortium says.

It specifically warned people not to stockpile food at home, saying there will be sufficient supply of essential products.

But perishable items such as tomatoes and lettuce cannot be stockpiled, and some could be in short supply in the early months of next year.

Read more news at : เกมสล็อต

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