British consumers are likely to pay more for food imports from the EU after a hard Brexit 22%; that at least is the expectation of wholesalers.
Almost 80% of British food imports come from the European Union, and if there's no trade agreement with the EU, the WTO rules to do so, to raise import tariffs force. Such a scenario would cause consumer prices on the British island in the height, so the British Retail Consortium (BRC), a representation of the interests of the large supermarkets and other shops. Food prices have already risen as the value of the pound sterling fell, after the vote of voters decided the Brexit.
Weaker consumer demand against the background of higher inflation is the main reason why economists expect in the coming year with a UK economic slowdown.
As EU Member State United Kingdom for its food imports from other EU Member States to the value of £ 20 billion pays no taxes, according to the Brexit the standard tariffs, which sets the WTO, must be paid but then. For Italian mozzarella cheese are, for example, 46% and other basic foodstuffs such as Irish meat and cheddar cheese would be charged with 40%. Prices for Dutch tomatoes increase then 21%, while the Customs for French wine with 4% tariff will be charged. Average imports from the EU would be around 22% more expensive, so the calculations of the Association.
Theresa May but pursues the plan an extensive free trade agreements and wants to improve their negotiating position towards the EU through elections yesterday placed by the British Parliament on 8 May. She has still no plan for that, if such an agreement is not reached with the EU. According to a Reuters poll, the chances that access to the Brexit the General WTO rules 1 to 3, are among British economists yesterday.
The negotiations for a comprehensive free trade agreement according to experience several years; the result would be a close bond of Great Britain to the EU with the result that most EU rules for the British have been preserved.
Brexit proponents believe that United Kingdom could conclude better agreements with other countries such as the United States and China with the EU. Other experts say that the British should delete unilaterally all import duties.
The BRC supports a priority for the EU, only then should the existing EU trade agreements be renegotiated in talks with emerging markets such as India. Only then should agree on trade relations with the rest of the world.
