Hmmm?
Is the govt concerned about the impact of no deal Brexit on food prices and shortages of some products?
Chair of Tesco warns prices could rise by 5%, with 2 months of shortages. @Foodanddrinkfed
says no deal would be “catastrophic.”
Dominic Raab told me “we’re going to be fine”
https://twitter.com/DanielHewittITV/status/1338462532407857152Raab says, in the event of a no deal, a price increase due to tariffs would only amount to less than 2%. Erm, not that simple (tariffs vary hugely depending on what foodstuffs /beverages).
However, he is correct to say that FX, etc, will also have an impact. He doesn't mention the cost of the enormous amount red tape... that doesn't come for free.
I don't think he's correct to say that 50% of food "comes from the UK", 20% from the rest of the world and 30% from the EU. Methinks a bit of fudging there.
Two weeks left until Brexit officially kicks in, and still no one knows what the hell they're supposed to actually prepare for, let alone how.
I feel most sorry for the little mom and pop businesses.