Brexit: supermarkets and restaurants warned about food prices



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Businesses said in a letter to UK legislators on Monday that they would not be able to maintain the "choice, quality and durability" of food if Britain left the block without an exit agreement in place protecting trade with Europe.

"While we are working closely with our suppliers on emergency plans, it is not possible to mitigate any risks to our supply chains," they wrote. .

In addition to fast food manufacturers, the letter was signed by representatives of most of the country's largest supermarket chains and the British Retail Consortium.

The United Kingdom must leave the European Union in just 60 days. But British lawmakers have rejected the exit agreement negotiated by Premier Theresa May, and businesses worry about a messy Brexit.

Food suppliers warn that the dismantling of the European Union "would significantly increase import costs" and "put upward pressure on food prices". They said the new tariffs would have a "devastating impact" on British farmers.

Airbus and Ford warn about the dire consequences of a Brexit

The companies stated that they stocked goods where possible, but "all frozen and chilled warehouses are already in use and there is very little general storage space available".

In response, a spokesman for the prime minister said the UK enjoyed "a high level of food security based on a wide range of sources, including significant domestic production and imports".

Commercial warnings

UK companies demand more clarity on Brexit.

Airbus (EADSF) said last week that it would be forced to reorient future investments if Britain withdrew from the European Union. Ford (F) said that a Brexit "without agreement" would cost him $ 800 million in 2019.

Sony has announced that it will move its legal base in Europe from London to Amsterdam due to the uncertainty surrounding Brexit. Financial services companies are moving $ 1 trillion of badets out of the country.

Food shortages could occur in the days following Brexit without agreement

Tuesday, May will return to Parliament to present his "Plan B" of Brexit. Legislators will also table amendments to May's motion to try to carve it to get a majority.

The most important amendments would see Parliament try to take control of the process if May fails to reach an agreement.

The letter from food producers urges lawmakers not to collapse.

"We ask you (…) to work urgently with your colleagues in Parliament to find a solution that avoids the shock of a Brexit without an agreement on March 29 and removes these risks for British consumers", a- he declared.

Livvy Doherty contributed to the reports.

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