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THE former CEO of Sainsbury’s has been clear about what initially caused the cost of living crisis – telling Sky News that Brexit is to blame.
Marks & Spencer has warned of the risk of price pressures, less choice, and food being thrown away when post-Brexit rules on imports from the EU take effect at the start of next month.
Marks & Spencer expects to incur between between £42 million (€49 million) and £47 million in Brexit costs for the current year, with a particular impact upon its business in the Ireland.
A grace period on food imports checks is set to end on 1 October.
“And what's the Brexit dividend here? S-Group has already turned to French retailer Carrefour to fill the gap left by Tesco," a journalist has said.
Marks & Spencer (M&S) is to close 11 franchise stores that it currently runs in partnership with SFH in France, as a result of the changes that came about with the post-Brexit EU and UK trade deal.
Supermarket prices will rise more than is necessary unless there is greater collaboration with European suppliers on post-Brexit trade frictions, a Dutch business has warned.
Sacha Berendji also told a House of Lords committee that M&S had faced increased costs and wastage due to new rules and administration.
The end of the holiday season heralds the return to centre stage of a number of burning Brexit-related issues this autumn.
High street retailer says border controls are leading to gaps on the shelves and tons of food being spoiled.
The retail chain says trading conditions following the UK’s departure from the European Union make continuing the cross-Channel venture impossible.
The retailer held a meeting with its EU suppliers on Friday amid worries the stricter border controls will deeply affect its entire supply chain.
British supermarkets that have stores in Europe are facing supply problems because of post-Brexit rules on exports to the EU. It's affecting fresh produce at 20 Marks and Spencer stores in France, Morrison's in Gibraltar, and a chain of UK supermarkets in Belgium is on the verge of closure with no deliveries since December.
M&S expects to pay between £42 million and £47 million in additional costs this year, versus £16 million in 2020.
How have consumers and businesses been impacted a month on from the end of transition period?
01/02/2021
What has changed in the 31 days since the UK left and how has it impacted consumers and businesses?
The firm has faced post-Brexit difficulties in supplying food from Britain to its stores in the Republic of Ireland.
Ham sandwiches confiscated, Percy Pigs exiled, and the threat of rotten fish in Westminster are some of the problems plaguing the UK.
Brexit red tape far worse for exports to EU than to Northern Ireland, Marks and Spencer chief warns
17/05/2022
Archie Norman, the chair of Marks and Spencer, revealed the mountain of bureaucracy that is making international trade impossible for small producers, leading many to give up entirely.
Big names KFC, Pret, Lidl, Co-Op, M&S, Waitrose, Sainsbury's, Asda and McDonald's have signed a damning letter warning food supplies could run short - read it in full.
Marks & Spencer says Brexit and the Irish Sea border have added about £30m of costs to its island of Ireland business.
British government’s lack of clarity on EU trade deal ‘could limit fish, dairy and meat range’.
Years after Britain quit the European Union, its businesses are still suffering from lower sales as red tape makes it harder to export to the 27-nation bloc.
Items to disappear from supermarket shelves and prices to increase if UK crashes out of EU, group including Lidl, the Co-op, Pret a Manger and KFC say.