Brexit has pushed up the price of food imported from the EU, compounding Britain’s unfolding cost of living crisis, according to a report. The thinktank UK in a Changing Europe (UKICE) said trade barriers introduced after leaving the EU had led to a 6% increase in UK food prices between December 2019 and September 2021, adding to the rising financial pressure for households. Households across the UK are on track to suffer the worst living standards squeeze since the 1950s amid soaring inflation driven by the rising price of energy, food and fuel. Figures from the ONS show that consumer food prices fell over the period analysed by the academics. The analysts said this suggested that in absence of Brexit food prices could have further fallen.

Source: The Guardian April 27, 2022 13:32 UTC