Marks & Spencer today warned that its EU businesses would be “significantly impacted” by new red tape and tariffs under the Brexit deal, while supermarkets in Northern Ireland are struggling with shortages.
M&S chief executive Steve Rowe welcomed the fact that a deal was reached between the UK and the EU on Christmas Eve. However, he said issues around rules of origin and the prospect of tariffs on moving products from the EU into the UK and on again to its businesses in Ireland and the Czech Republic would have a material impact.
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