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Brexit added £210 to household food bills

Brexit added £210 to household food bills

Brexit added £210 to the average household food bill in the two years to the end of 2021, research from the London School of Economics (LSE) suggests. Academics say the cost of food brought in from Europe went up because of extra red tape and checks, with changes to import rules pushing food prices up by 6%, or £5.84bn overall.

Researchers at the LSE's Centre for Economic Performance looked at data tracking the flow of trade and prices of food products between the UK and the EU, with the analysis looking to isolate the effects of Brexit from other supply chain issues that caused disruption during the pandemic. The research found the increase in food prices was due to a rise in "non-tariff barriers" to trade between the UK and the EU. Nikhil Datta, a co-author of the report, said non-tariff barriers should be a "first-order concern" for politicians and policymakers. The report also shows that between 50% and 88% of price rises seen by EU exporters and UK importers were being passed on to customers.

Read more: The Guardian

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