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[Economics] Brexit added £210 to household food bills, LSE says

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Brexit added £210 to the average household food bill in the two years to the end of 2021, new research suggests.

Academics at the London School of Economics (LSE) found that the cost of food imported from Europe went up because of extra red tape and checks.

They said that rule changes for items going across the border had pushed food prices up by 6%, or £5.84bn overall.

A government spokesperson said that it was cutting costs and reducing red tape for firms.

The research noted that UK food producers had faced reduced competition since Brexit.

Researchers at the LSE's Centre for Economic Performance (CEP) looked at data tracking the flow of trade and prices of food products between the UK and the European Union (EU) to work out how shoppers were being affected by the UK's exit.

It also found that price rises hit poorest households hardest because they spend more of their pay packets on food.

Link: https://www.bbc.com/news/business-63821133


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