UK consumers have been warned by EU that shop prices could rise substantially unless the government is able to secure the right Britain trade deals for Brexit . For example, the average duty on imported meat may rise to 27% if the Brexit ended up trading under World Trade Organization rules, and clothing and footwear tariffs could rise to 16% for all World Trade Organization imports against the current zero -rating, as well as a 14% rise in costs for importers of Chilean wine. It also warned in a letter to International Trade Secretary Liam Fox that by the UK possibly defaulting to the World Trade Organization rules, shops would be unable to absorb such a rise in costs.
UK consumers have been warned by British Retail Consortium that shop prices could rise substantially unless the government is able to secure the right Brexit trade deals for Britain. For example, the average duty on imported meat may rise to 27% if the UK ended up trading under World Trade Organization rules, and clothing and footwear tariffs could rise to 16% for all EU imports against the current zero-rating, as well as a 14% rise in costs for importers of Chilean wine. It also warned in a letter to International Trade Secretary Liam Fox that by the UK possibly defaulting to the World Trade Organization rules, shops would be unable to absorb such a rise in costs.