Brexit piled on an average of £210 extra to household food bills in two years, a fresh research paper has found.
A new study has explored how Brexit is contributing to rising food costs in the UK.
Non-Tariff Barriers (NTBs) are the main policy impediment to international trade, yet little is known about their pass-through to prices. This paper exploits the Brexit trade policy shock to quantify how NTBs affect consumer prices and welfare. The increase in NTBs raised prices by 6%, implying a pass-through of 50-80%.
Research has revealed that during the two years leading up to the end of 2021, Brexit cost UK consumers a total of £5.8 billion in food bills.
EU departure putting £5.8 billion on total UK supermarket spend, Centre for Economic Performance finds.
The Tory MP said Brits will avoid a 2 per cent increase on fish fingers and savings on some cheeses thanks to our "Brexit freedoms". / Brexit has added almost £6 billion to UK food bills over the past two years, new research has found.
By the end of 2021, Brexit had already cost UK households a total of £5.8 billion in higher food bills – new LSE research
01/12/2022
Leaving the European Union (EU) added an average of £210 to household food bills over the two years to the end of 2021, costing UK consumers a total of £5.8 billion, new research from the Centre for Economic Performance (CEP) at the London School of Economics finds.
Brexit added almost £6bn to UK food bills in the two years to the end of 2021, London School of Economics (LSE) researchers have discovered.
Brexit border checks on goods have forced up prices as food firms have to hire thousands more staff to wade through the new red tape, researchers found.
Brexit added £210 to the average household food bill in the two years to the end of 2021, new research suggests.
Wages are worth less as direct result of departure from EU, says Monetary Policy Committe member. / Brexit has added 6 per cent to UK food prices, a Bank of England official has said as inflation hit a 41-year high.
Edi Rama urges ministers to ‘stop discriminating’ after Suella Braverman’s ‘Albanian criminals’ comments in Commons.
British Chambers of Commerce urges government to ‘cut red tape on UK-EU goods movements’.
"I have three priorities for our economy: growth, growth and growth." / Yet several reports say one significant factor to have impacted negatively on Britain's growth and economy — also creating a barrier to future performance — is Brexit itself.
Brexit has damaged Britain’s competitiveness, and will make us poorer in the decade ahead
22/06/2022
Brexit has not had the expected effect of narrowly reducing exports to the EU, but has instead more broadly reduced how open and competitive Britain’s economy is, which will reduce productivity and wages in the decade ahead, according to new joint Resolution Foundation and LSE research.
As Prime Minister Boris Johnson prepares to depart Downing Street, tossed from office by his own party, his legacy — the opening lines of his eventual obituary — will call him the man who “got Brexit done.” / So how is that going? What can be said about the post-Brexit Britain that Johnson is leaving behind?
Kent farming giant reports 8% fall in harvest due to lack of seasonal pickers – saying it’s easier to import fruit.
In historical terms, however, those transgressions will end up being little more than footnotes. Viewed from afar, Johnson’s greatest failing is liable to be what he hoped would be his glorious legacy: Brexit.
Most people think Brexit has gone badly, a UK survey finds, and Johnson has left behind a mess of problems for a new PM.
UK should rejoin single market as quitting EU ‘biggest piece of self-inflicted harm,’ says Sadiq Khan
29/06/2022
Britain should push to rejoin the single market because Brexit is the “biggest piece of self-inflicted harm ever done to a country,” says Sadiq Khan.
Polls show average annual gap between those who believe it was ‘wrong’ to vote to Leave compared to ‘right’ has risen to double digits for the first time. / A growing number of Britons say the UK was wrong to Brexit, according to a Standard analysis of more than 200 polls.
UK Government’s approach to Brexit causing ‘potentially irreparable damage’ to the Wales’ ports
27/06/2022
The UK Government’s approach to Brexit trade policy and negotiations protocol is causing “potentially irreparable damage” to Wales’ ports, researchers have said.
The UK will be stuck with searing inflation for years because of Brexit, according to strategists at Wall Street’s top banks.
Northern Ireland will be the UK regional economy least impacted by Brexit, partially due to the NI Protocol, new analysis has suggested.