No deal Brexit will result in higher food prices and affect businesses – UKMALAYALEE

No deal Brexit will result in higher food prices and affect businesses

Wednesday 27 February 2019 3:24 AM UTC

LONDON Feb 27: The Government admitted 200,000 firms that trade with the EU are not ready for a no deal Brexit tonight in a damning report with just 31 days to exit day.

The study from the Brexit department also found citizens are ignoring no deal warnings and failing to make sure they are ready for a no deal.

It said no deal would cause delays at the border – potentially meaning shortages and prices rises for some food, particularly fresh produce not in season in Britain.

The report warns panic buying could fuel shortages in foods that are shipped across the Channel.

Ahead of the publication of tonight’s report Theresa May admitted it would be an ‘honest assessment’ of the ‘serious challenges’ facing Britain after no deal.

But she told MPs: ‘I believe that if we have to, we will ultimately make a success of a No Deal.’

The Prime Minister made a screeching U-turn today and admitted no deal could only happen if MPs voted for it – and said MPs could demand a delay to Brexit instead.

Independent Group MP Chuka Umunna said tonight’s report showed the ‘disastrous’ impact no deal would have on Britain.

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