British Retail Consortium (BRC) noted that supermarkets and customers will face a £3.1billion annual tariff for food and drink.
The group said that retailers will have “nowhere to go other than to raise the price of food ” in order to afford the bill. Many other retailers, who sell products other than food, will also be faced with “large tariff bills” for EU products. Will you be stockpiling food this year?
Let us know in the comments section... This could increase the cost of shopping.Andrew Opie, director of food and sustainability at the BRC, said: “Unless we negotiate a zero-tariff deal with the EU, the public will face higher prices for their weekly shop.“This would prevent harm to shoppers, retailers and the wider economy.”The EU is.
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