The British Retail Consortium has urged Brexit negotiators to secure a deal that will keep shop prices low - focusing on opportunities to keep import costs down, when the UK leaves the European Union. The Brexit negotiations are scheduled for March 2017.
According to the Consortium, Brexit could have a severe impact on UK retailers and customers, through a significant increase in duties on meat, clothing, footwear and other products currently benefitting from the zero-rating for all EU imports.
Launching the BRC’s own Brexit campaign, Richard Baker - Chairman of BRC - said: "We will be supporting the Government through this complex and difficult process, helping them (...) to identify any opportunities for new trade deals that could benefit individuals and families. The retail industry is the UK’s biggest importer, experienced in importing from every corner of the world. We (...) will bring our experience to the Brexit talks, to the benefit of everyone in the UK."
In addition, the BRC has urged the Government to tailor new domestic legislation to support - and promote growth in - the retail industry.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Martha Sparrius. To subscribe to ESM: The European Supermarket Magazine
