Tesco boss warns of higher food prices and shortages if it’s a No Deal Brexit

Shoppers face shortages of fresh food and higher prices if Britain fails to strike a Brexit deal, warned Tesco boss John Allan.

The chairman of the UK’s biggest supermarket said the end of the transition period could see a temporary disruption in the food supply.

And it would trigger tariffs.

He added:

“Those almost inevitably are going to lead to higher prices and I think if we go out on no deal basis that is unavoidable.

“We may see some shortages of fresh foods, particularly short-life fresh foods.

“I think that will only be for a limited period, perhaps a month or two, before we get back to normal.

“I don’t think there is any reason at all for any consumer to panic or panic buy at the moment, there is still going to be plenty of food in the UK, there may just be slightly restricted choice for a period of time.”

 


About the Author

Philip Braund spent 16 years at the Daily Mirror as a reporter and news editor before moving to ITV. He was the series producer of the ground-breaking investigation programme The Cook Report, Managing Editor at ITV's Millbank Studios, and Head of News at ITV Central. He has won national and regional Royal Television Society awards for documentaries.



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