The Mudcat Café TM
Thread #164605   Message #3967710
Posted By: Jim Carroll
21-Dec-18 - 11:35 AM
Thread Name: Brexit #2
Subject: RE: Brexit #2
Fruit and vegetables are displayed for sale at a grocers shop in London, United Kingdom | Christopher Furlong/Getty Images

Brexit will raise imported produce prices by 8 percent
Goods to get more expensive because of border controls.

By        GAŠPER ZAVRŠNIK        3/29/17, 8:40 AM CET Updated 8/17/17, 10:43 PM CET
EU fruit and vegetables imported into the U.K. will become more expensive after Brexit, regardless of the trade deal Britain secures with the bloc, the Guardian reported Wednesday.

Analysts calculated the price of imported food will go up by up to 8 percent as a result of border controls, the paper reported.

Last year the value of imported food and agricultural products to the U.K. was £47.5 billion, of which 71 percent came from the EU.

"U.K. consumers should brace themselves for some price rises ... on those products for which Britain is almost solely reliant on the EU,” said Harry Smit, a senior analyst at Rabobank.

Ian Wright, director general of the Food & Drink Federation trade body, disagreed, saying price fluctuations will depend heavily on the nature of the U.K.’s new initial relationship with the EU, according to the Guardian.