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BRC: October no-deal Brexit would hit retailers hard

The impact of a no-deal Brexit on retailers would be exacerbated by the October deadline for the negotiations, the British Retail Consortium (BRC) has warned.

It comes after a report by trade union GMB, released on Friday, found shopping bills could increase by £800 per year if the UK leaves the European Union without a deal.

In response to the GMB report, the BRC pointed out that a no-deal outcome in October – when Brexit is now due to take place – would disrupt retailers at one of the busiest times of the year, as they stock up for Black Friday and Christmas.

BRC chief executive Helen Dickinson said: Our own research suggests that currency depreciation, additional documentation checks and requirements, tariffs on some goods, as well as delays at the border, would all contribute to higher prices and a reduced selection.”

“Businesses are spending hundreds of millions of pounds putting in place mitigations against a no-deal Brexit – this represents time and resources that would be better spent improving customer experience and prices,” she added.

“Retailers cannot continue to spend this money indefinitely. MPs must find a compromise which can avoid a disastrous no-deal scenario.”

Dominic Raab and Boris Johnson are among the Conservative leadership candidates who have said they will consider leaving the EU without a deal.


Readers' comments (1)

  • darren hoggett

    This constant negativity and scaremongering from the BRC is becoming tiresome. It's bordering on hysterical.

    While they are entitled to their opinion, they (thankfully) do not speak for everyone in the industry.

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