Grocers call for VAT cut to offset post-Brexit price rises

brexit flag

Some of Britain’s biggest grocers have urged ministers to cut VAT in the event of a no-deal Brexit, to help them protect shoppers from price rises.

The plea was made by a number of food retailers yesterday during crunch talks with the Government’s top no deal planner, Michael Gove, and business secretary Andrea Leadsom.

According to The Daily Mail, senior representatives from Waitrose, Marks & Spencer and Amazon were among the businesses who called for tax changes to be prepared.

The retailers argued such a move would allow them to mitigate any price increases that could arise if Britain were to crash out of the EU without a deal on October 31.

Subscription content

Please sign in now if you have a subscription

Retail Week

Register to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • 3 free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.