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Podcast: Beyond Currency
Episode: 30 August 2023 - Brexit has contributed 30% of food price inflation
Description: The UK continues to delay additional food safety checks on imports from the European Union since they fear that the additional delays created by performing the checks will create shortages and drive up inflation.
This is yet another demonstration of the lack of foresight that accompanied the UK’s departure from the EU which has piled additional red tape and additional costs onto firms still wanting to trade with the EU or operate within its boundaries,
It is estimated that Brexit has been directly responsible for around 30% of food price inflation since 2020. The necessary border checks to ensure that the or...