BREXIT TO MAKE PRICES SOAR IN SUPERMARKETS
Up to 20% rise in everyday goods if no deal
SUPERMARKET prices are set to soar by 15% to 20% in the event of a no- deal Brexit.
The cost of cereals, confectionary and household goods will be the worst affected, the majority of which are all imported daily from the UK.
Buyers from all the big chains Tesco, Dunnes, Musgraves, Aldi and Lidl have started negotiating with British suppliers for next year.
The feedback from the UK Treasury is new tariff son goods will mean an increase in costs right across the board.
Many of the proposed tariffs will be decided by the type and weight of the specific product.
Cereals like Kellogg ’s, Weetabix and Nestle brands will be worst affected along with biscuits, chocolates and sweets such as Mcvities and Mars. Certain beans, ketchup, Uncle Ben’ s, Do min os, jellies, custards plus detergents such as Aerial, Persil and other household items are at risk of going up in price.
Fresh food and dairy all grown and made in Ireland will not be affected along with fruit, the majority of which comes from the EU.
A retail source said: “Unless there is a Brexit deal, and we are running out of time, the prices in the supermarkets and retail shops will go up.
“If there are tariffs they ey will be passed onto the consumers.
“The tariff son average will increase prices by between 15% to 20%. People will be very annoyed.
“About half the products on sale in Irish food stores are imported from Britain.”
Brexit negotiations are expected to hot up this week after a meeting in London over the weekend between the President of the EU Commission Urs Ursula von de Leyen and Br British Prime Minister B Boris Johnson.
Last night Labour’s Ged N Nash warned a no- deal B Brexit will have a big i impact on food and retail businesses in terms of tariffs on basic goods.
He said :“There is a h huge urgency around a deal now. The clock is rocking in and the very last thing businesses need is the double whammy of a no- deal Brexit on top of Covid- 19 economic fallout in this hardest of years.”