Cost of household items could soar in event of no-deal Brexit warns business group

Business leaders have warned the cost of a household shopping basket is likely to become much more expensive (Julien Behal/PA)

Import costs for everyday items could rise by around a third in the event of a no-deal Brexit, making the household shopping basket “much more expensive”, a major UK business group has warned.

The cost of moving goods could also rise due to tariffs, and restrictions to the number of lorry access permits available to enter the EU could put businesses across the country at risk, Logistics UK said.