The UK food sector has welcomed news that Brexit negotiations will move to stage two – the future trading relationship – after the European Commission confirmed “sufficient progress” has been made on discussions over the divorce settlement.
Rising food prices, regulatory uncertainties and challenges from international trade deals post-Brexit will conspire to create a “perfect storm” that threatens to rain on the UK food industry’s parade.
The British Retail Consortium (BRC), an industry body representing UK retailers, has warned that British shoppers could pay as much as one-third more for “everyday food items” in the event of a “no deal Brexit”.
Love Taste Co. started as a smoothie stall in London’s Borough Market. Today, it generates retail sales approaching £40m a year. Founder Richard Canterbury talks growth, flavour trends and the “explosion” in demand for vegetable-based smoothies.
Flexibility and imagination may be in short supply during ongoing Brexit talks but the UK also faces the prospect of ‘gaps on food shelves’ if a deal is not agreed, the British Retail Consortium (BRC) warns.
The UK government has said it wants to reach a deal that will see “no hard border in the movement of goods” between Northern Ireland and the Republic of Ireland following the country’s exit from the European Union.