Tesco has issued a warning about shoppers facing temporary shortages of some fresh foods and higher prices if the UK fails to strike a Brexit deal with the EU.
The chairman of Tesco John Allan said a no-deal Brexit would trigger tariffs, “which can be quite substantial on some food items”.
“Those almost inevitably are going to lead to higher prices and I think if we go out on no-deal basis that is unavoidable,” Allan told Bloomberg TV.
“We may see some shortages of fresh foods, particularly short-life fresh foods. I think that will only be for a limited period, perhaps a month or two, before we get back to normal,” Allan said.
“I don’t think there is any reason at all for any consumer to panic or panic buy at the moment. There is still going to be plenty of food in the UK – there may just be slightly restricted choice for a period of time.”