Prices will shoot up if UK fails to get EU single market access, retailers warn

Prices will shoot up if UK fails to get EU single market access, retailers warn

The Guardian: Economics

Import duties will make food and clothing more expensive if government doesn’t negotiate a deal with Europe, says British Retail Consortium

The retail industry has issued a stark warning that prices of consumer staples such as food and clothes will shoot up if the UK government fails to negotiate a good trading deal with the EU.

Related: Business leaders urge Theresa May to avoid hard Brexit

Related: Hard Brexit risks destroying UK's open economy, says CBI chief

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