THE GUARDIAN: LSE researchers estimate that extra barriers on EU food imports have pushed up bills by £250 on average
British households have paid £7bn since Brexit to cover the extra cost of trade barriers on food imports from the EU, according to researchers at the London School of Economics (LSE).
The university’s latest report estimating the impact of leaving the bloc on UK food prices found that trade barriers were consistently hampering imports, pushing up bills by an average £250.
The cost of food in the UK had rocketed by 25% since 2019, the researchers calculated, but if the post-Brexit trade restrictions were not in place then this increase would be only 17% – nearly a third lower.
Adding up the impact on all British households suggested they had paid an extra £6.95bn as a consequence, they said. » | Phillip Inman | Wednesday, May 24, 2023
