Article 36YEV 'No deal' Brexit could add £930 a year to UK shopping bills, say experts

'No deal' Brexit could add £930 a year to UK shopping bills, say experts

by
Dan Roberts Brexit policy editor
from on (#36YEV)

Poorer families and unemployed will be especially badly hit, says thinktank report calculating cost of walking away from EU without trade deal

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 that 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.

Related: Most of UK's fruit and veg is from other EU nations 'so Brexit impact may be dramatic'

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