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Home Consumer Research

Tesco warns of price hikes and product shortages in case of no deal Brexit

globalresearchsyndicate by globalresearchsyndicate
December 11, 2020
in Consumer Research
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Tesco warns of price hikes and product shortages in case of no deal Brexit
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Tesco has warned customers to expect price hikes and product shortages in the event of a no deal Brexit.

The Brexit transition period ends on January 1 but there are concerns that preparation by many firms may have ‘slipped off the radar’ as they struggle with the impact of the coronavirus pandemic, business leaders have warned.

In the event of a no deal Brexit, Good Morning Britain reported retail giant Tesco has been stockpiling some longer life products in warehouses in case of shortages.

Receive newsletters with the latest news, sport and what’s on updates from the Liverpool ECHO by signing up here

There is growing uncertainty surrounding the impact of Brexit on what we may be able buy and how much it may cost.

Brexit and the ongoing Covid-19 crisis will have an effect on travel.

* Are you concerned about the effects of Brexit or do you think we’ll be ok? Tell us in the comments

Travel to EU countries will be restricted after the Brexit transition period expires at the end of the month because of Covid-19 rules.

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Non-essential visits to the EU will be hit by rules with most UK residents facing restrictions on visiting the remaining 27 members of the EU from January 1 when rules permitting free travel within the bloc cease to apply to Britons, reports PA.

In response to the reports in the Financial Times, a Government spokesperson stated: “We cannot comment on decisions that could be taken by other states on public health matters.

“We take a scientific, risk-based approach to health measures at the border, and it is of course in the interests of all countries to allow safe international travel as we emerge from the pandemic.”

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