Meat, cheese and oranges among items that will cost more if no trade deal reached
Who? The British Retail Consortium When? 10 July 2020 Document: New Report What happened? In its report, the BRC calls on the UK Government and the EU to negotiate a zero-tariff trade deal to avoid price increases for consumers.
Why does it matter? In May, the UK published its new tariff schedule, which will apply from 1st January 2021 if a deal is not agreed. Under the schedule, 85% of foods imported from the EU will face tariffs of more than 5%. This includes 48% on beef mince, 16% on cucumbers, and 57% on cheddar cheese. The average tariff on food imported from the EU would be over 20%. What can I do? Read the report and identify the impact of higher food prices on your business and life.
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