Cheese could be a casualty of Brexit as UK food prices set to rocket, report warns
The hike is partly down to Britain importing around a third of its cheddar cheese from EU member Ireland, while nearly 20 percent of Ireland’s milk is used for cheddar destined for the U.K., according to the Irish Dairy Industries Association.
British shoppers could pay up to 29 percent more for beef, while the price of tomatoes could rise by anything between 9 and 18 percent.
According to predictions made by the U.K. Trade Policy Observatory, British shoppers could fork out 5.8 per cent more for meat and 4 percent more for vegetables.
“If Brexit were to affect the price or availability of food, it would be felt by the whole population very quickly,” the report said. “If an agreement cannot be negotiated, Brexit is likely to result in an average tariff on food imports of 22 percent.”
The House of Lord’s EU subcommittee warned that “there can be no doubt” that food prices in the U.K. would rise because of Brexit.