According to a study by the Center for Economic Performance at the London School of Economics, UK households paid an average of £210 (about €240) more on their food bills due to Brexit alone.
Divorce contributed to skyrocketing inflation in the country, according to ResearchWhich extends from 2019 to 2021.
Richard Davies, professor at Bristol University and lead author of the study, said: “Except for the European Union, the UK trades a deep trade relationship with few barriers to trade, where there are a number of checks, forms before goods can cross the border.” More steps are needed.” co-author ToldStating that the surplus of red tape contributed to high inflation rates.
While domestic food producers benefited from reduced competition after Brexit, the study found that the costs outweighed these benefits by more than £1 billion due to regulatory constraints such as sanitary rules on fresh meat.
“We calculate that looking at its impact on the food market alone, Brexit has cost the average household £210, or £5.84 billion in total. As poor households spend a large proportion of their income on food, They get hit more. Told Nikhil Dutta, assistant professor of economics at the University of Warwick and co-author of the study, said non-tariff barriers should be a “first-order concern” for policymakers.
UK consumer price inflation increased by 11.1 percent In the 12 months from October, food prices rose even more, reaching their highest point in 40 years.