UK facing food hikes post-Brexit

Britain’s poorest families will face the biggest food price hikes if Brexit happens without the UK reaching a withdrawal deal with the EU, a new report warns.

In a ‘no deal’ scenario emerging from EU-UK talks, a joint report by Resolution Foundation and Sussex University’s UK Trade Policy Observatory estimates UK average price of dairy goods will rise by 8.1%, meat products by 5.8%, with cars and other vehicles rising 5.5%.

The average yearly household bill would rise by £260 (€290) in a ‘no deal’ scenario, in which UK imposes the same tariffs on the EU as it does for other World Trade Organisation countries.