Retailers warn government of Brexit price rises

Retailers warn government of Brexit price rises
 

The British Retail Consortium (BRC) has warned that using World Trade Organisation (WTO) rules will mean higher prices in the shops.
In a letter to the trade secretary, the BRC warns reverting to WTO rules would see tariffs on clothes from Bangladesh of 12% and those on meat of up to 27%.
The letter follows a similar one last week headed by the CBI.
That warned losing barrier-free trade with Europe and defaulting to WTO rules would see widespread higher tariffs.
Other items singled out by the BRC include Chilean wine, where the BRC says tariffs would rise by 14%.
The BRC points out that as... read more

 
10 October 2016 in Business, Views: 55
Source: BBC
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