"Brexit Border Controls: Impact on UK Food Imports and Prices"

1 min read
Source: CNN
"Brexit Border Controls: Impact on UK Food Imports and Prices"
Photo: CNN
TL;DR

New border controls on some of Britain’s food imports from the EU have come into force, increasing red tape for businesses and threatening to drive up prices for consumers. The checks will cost British businesses about £330 million annually and increase food inflation by about 0.2 percentage points over three years, with warnings of a greater impact on inflation. Industry experts are concerned about potential disruptions to supplies and price hikes for staples, as well as the impact on food security and product availability.

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