No deal Brexit could add £930 a year to UK shopping bills
Households face increases of up to £930 in their annual shopping bills if Britain walks away from Brexit talks without a trade deal, according to new research which reveals a disproportionate impact on poorer families and the unemployed.
Meat, vegetables, dairy products, clothing and footwear would be subject to the largest consumer price rises under a no-deal scenario, according to a study published in the authoritative National Institute Economic Review, adding to inflationary pressures that have already forced the first interest rate rise in a decade this week.
Stalled negotiations resume next week in Brussels, but the government is also about to publish a trade bill which would result in Britain being required to apply swingeing new tariffs on European imports if it fa...
