Britain’s biggest supermarket Tesco says it is stockpiling non-perishable food ahead of a potential no-deal Brexit.
“We are trying to ensure that we have stockpiled as much as we can of non-live product either in our own warehouses or with our suppliers,” confirmed chairman John Allan.
“If we leave on a no-deal basis there will be tariffs, and those tariffs can be quite substantial on some food items.”
Leaving the EU without an agreement could mean shoppers facing food shortages and a 3-5% rise in prices in January with some as high as 40%.
Any price increase is only expected to last a few months with Allan confirming “I think that’ll only be for a limited period, perhaps a month or two, before we get back to normal.”
