Brexit has caused a food price hike of nearly £6bn in the last two years, according to new research. The study by the London School of Economics (LSE) states that the rise in prices is due to increased red tape. That’s somewhat of an irony given Brexit was often touted as a way to reduce bureaucracy and added costs.
The study says that the average household spent £210 more in 2020 and 2021. Researchers at LSE’s Centre for Economic Performance (CEP) said that it was poorer families, who spend a larger portion of their income on food, who would feel the worst effects.
Going hungry
The authors said:
We find that leaving the European Union increased the price of food products by 3% a year, leading to a 6% increase over a two-year period.
The researchers wanted to understand the impact of so-called ‘non-tariff barriers’ (NTBs) on prices. Their findings were grim:
New! Brexit has cost UK consumers £5.8bn in higher food bills.
By @JanDavidBakker @Nik_Datta @RD_Economist and @joshdelyon @LSEnews @ESRC @cage_warwick @BristolUniEconRead: https://t.co/XWiJXZMvwK pic.twitter.com/umzSwTZ7gZ
— Centre for Economic Performance (@CEP_LSE) December 1, 2022
One Twitter user was bemused, recalling the great steps forward Brexit was meant to deliver:
Still waiting for just the tiniest glint of those sunlit uplands…
Brexit added nearly £6bn to UK food bills in two years, research finds https://t.co/blnXqZkMC2
— Rhi 🏴 (@Rhi_K_B) December 1, 2022
The report’s publication comes only a day after prime minister Rishi Sunak took a pasting in the Commons over his own Brexit position:
The audacity of PM @RishiSunak to tell us at yesterday's #PMQs,that #Brexit has benefited the country is why we the people should demand he calls a #GeneralElectionN0W
He is a completely out of touch disaster.
👇 https://t.co/TAdmdGo6vr— Bruce Findlay /power to the people 🕊✌ (@brucerisk) December 1, 2022
Sunak had been told to admit that Brexit was a significant cause of UK economic problems by the Scottish National Party’s Ian Blackford. We won’t hold our breath for that.
Brexit freedom?
Sunak was also slammed for suggesting that Brexit increased ‘freedom‘ in the UK:
https://twitter.com/Marcus_K_22/status/1598272204134817793
People had zero time for arch-Brexiteer Nigel Farage, who decided to go on a rant about the EU banning Twitter:
The unelected Nigel Farage is trying to tell us why Brexit was the right decision. Laughable! https://t.co/FkfYWnv03s
— SteLFC 🔴 aka The Fintan Stack (@SteMcKenna) December 1, 2022
Farage’s claim seemed to be in relation to report that Twitter owner Elon Musk could drop moderation rules for the app. Reuters reported on 30 November that the EU had issued a warning that Twitter must abide by its strict content rules.
Best efforts
Meanwhile, some people were still searching in vain for a single benefit of leaving the EU:
https://twitter.com/BunnyHuggger/status/1598271770158845952
Despite the weight of evidence, supporters of Brexit continue to flail around to find benefits of leaving the EU. In the case of Rishi Sunak that includes coming up with spurious arguments about freedom. The truth is it’s long been clear that Brexit is not what it was cracked up to be – and it will continue to be the poorest who suffer the worst effects
Featured image via Wikimedia Common/Cabinet Office, cropped to 770 x 403, licensed under Open Government License.
