Retailers stockpile as no-deal Brexit looms
Food producers warned supplies of fresh vegetables will be worst hit and shortages could last for up to three months
Retailers are stockpiling goods in preparation for a no-deal Brexit over fears of shortages and price rises.
The extra buying happened as prime minister Boris Johnson failed to reach an agreement with the European Union (EU) over Britain’s withdrawal, by the self-imposed deadline from both sides of
Guidance published by the ACS last month revealed a UK Global Tariff is expected to be applied to products from the EU from 1 January 2021, resulting in higher prices.
Last week, Tesco chair John Allen revealed the supermarket was stockpiling non-fresh food in response to government advice in anticipation of a no-deal scenario.
Food producers warned supplies of fresh vegetables will be worst hit if tariffs are introduced and shortages could last for up to three months.
At the time of writing, talks between the UK and EU were ongoing.
Read more Brexit news
This article doesn't have any comments yet, be the first!
Register to comment and get exclusive content and subscribe to the online and print versions of Retail News.Become a member