Chris Grayling, the Secretary of State for Transport, has rejected suggestions that a no-deal Brexit would see a sharp rise in food prices. He said that in such circumstances the UK would become more self-sufficient and look for markets outside of the EU. His comments come after warnings of significant price increases if the UK can’t secure a favourable Brexit deal.
Speaking on the Andrew Marr show he said:
“What it would mean would be that supermarkets bought more from home, that British farmers grew more and that they bought more from around the world”.
He added when asked about rising food prices:
“Of course that will mean bad news for continental farmers, and that’s why it won’t happen. Because it’s actually in their interest to reach a deal”.