A British government ministry focused on the U.K.'s departure from the European Union has reiterated a warning that the country's economy could weaken as much as 9 percent over a 15-year period, unless a binding withdrawal settlement between the two sides is agreed that provides trading continuity.
Political analysts and lawmakers of all stripes have repeatedly accused the prime minister of shifting her earlier stance, quoting her oft-proclaimed insistence that"no deal was better than a bad deal," as a major plank her purportedly hardline approach to the European Commission in Brussels during early negotiations.
This would in turn mean less"availability and choice" of food products in British stores and the potential for higher food prices, because many food supply firms are still unprepared for any potentially expensive new trading arrangements. The shortages or reduced choices would be especially acute if the departure deadline of March 29 is not extended, because of the seasonal nature of British food imports.
Source: Financial Digest (financialdigest.net)
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