Retailers warn of £3bn tariff hit if no deal on Brexit

UK EU flags Brexit

Grocers and their customers face a £3.1bn tariff impact that could force up the price of food and drink, unless a Brexit deal is struck soon.

The warning came as Boris Johnson warned that there was a “strong possibility” that a trade deal between the UK and EU will not be agreed as the country prepares to cut ties with Europe at the end of the year.

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