Brexit's £145 Food Import Charges & Oil Prices Surge Near $90 - What You Need to Know
Thursday, 4 April 2024, 07:12
Impacts of Brexit on Food Imports and Oil Prices
A recent decision by Defra to impose £29 import charges per item for food imports, including cheeses, meats, and yoghurts, has stirred controversy in the business world.
Stock Market Update
Europe's main stock markets show minimal movement at the start of trading, with indices like FTSE 100 and CAC 40 showing slight fluctuations.
- EUROPE’S STOXX 600: Flat
- BRITAIN’S FTSE 100: Up 0.1%
- FRANCE’S CAC 40: Flat
- SPAIN’S IBEX: Up 0.3%
Import charges will hit small- and medium-sized importers, retailers, cafes, and restaurants, leading to increased business costs and higher food prices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.