As we reach yet another Brexit crunch point in Parliament, coverage will focus upon the drama at Westminster and the question of whether we can strike a deal. But for retailers, it is already one minute to midnight and in some cases beyond midnight, as they are having to make contingency plans for No Deal. Already, time and considerable sums of money have been spent on preparations that are prudent, timely and essential – time and money that can never be recovered. Much of the focus has rightly been on the impact that higher tariffs might have on consumer prices in the UK, and the additional costs for UK goods moving to the EU. Already, time and considerable sums of money have been spent on preparations that are prudent, timely and essential – time and money that can never be recovered. Stock image Consumers have already endured the burden of higher prices for imported goods following the fall in the value of the pound since the 2016 referendum. The impact of new non-tariff barriers in the event of disorderly UK exit deserves equal attention. Research shows that the cost of non-tariff barriers under a No Deal Brexit would be substantially… Read full this story
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WILLIAM BAIN: Shoppers WILL pay the price of a No Deal Brexit have 415 words, post on www.dailymail.co.uk at March 11, 2019. This is cached page on Gatofuns. If you want remove this page, please contact us.