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No deal Brexit will add £220 on household food bills
The Labour Party has revealed that a no deal Brexit outcome will cost families an extra £220 next year as a result of rising food prices, equivalent to nearly an extra monthly food shop.
Accusing the Prime Minister of ‘gambling with people’s lives’ by threatening the country with a disastrous no deal Brexit, Labour leader Jeremy Corbyn warned that ’the impact on food prices, jobs and our manufacturing industry will be disastrous’.
He said: “In threatening the country with a totally avoidable no deal Brexit, the new Prime Minister is gambling with people’s lives. After nine years of austerity holding down people’s pay, with foodbank use at an all-time high and with millions of people living in poverty in one of the richest countries in the world, a hike in food prices will be unaffordable for many families.
“Instead of handing out tax cuts to the richest and staking all our futures on a trade deal with Donald Trump that risks the takeover of our NHS by US corporations, the Prime Minister should rule out No Deal and concentrate on improving the lives of people struggling to get by.”
Researchers at the University of Sussex estimate that the average price of food will rise by seven per cent. Leading food retailers, such as Sainsbury’s, the Co-Op, Lidl and Asda, have warned that a no deal outcome could lead to empty shelves and rising prices, with Sainsbury’s warning that such an exit in October would be particularly difficult to respond to because of strained warehouse capacity ahead of Black Friday and the Christmas holidays.
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