News — Brexit

Brexit barriers could cost households £1k each, report argues Kamal Ahmed BBC Economics editor @bbckamalon Twitter Households could be left up to £1,000 a year worse off because of Brexit trade barriers, a report will suggest. Image copyright AFP Global consultancy firm Oliver Wyman will say that under the most negative scenario of high import tariffs and high regulatory barriers the cost to the economy could total £27bn. Business profits for supermarkets and restaurants could be wiped out because of supply chain disruption. A rise in costs would likely be passed on to consumers, the report will argue. The analysis, to be published next week...