New EU deal to reduce pressure on UK food prices for supermarket shoppers
Consumers will benefit from a new UK-EU food deal, which will slash red tape and costs for food businesses, helping them to keep the cost of a weekly shop down and create more choice at the checkout.
The agreement will get rid of the majority of border checks on meat, fish, fruit, and veg imported from the EU, meaning businesses can slash costs and help keep the price of a weekly shop down, leaving more hard-earned money in people’s pockets.
Food businesses will save time and up to £200 per shipment when trading fresh food, helping to reduce pressure on prices.
The agreement will kickstart economic growth and could add £5.1 billion annually to the UK economy, with North West food businesses and consumers set to reap significant gains.
Small and medium-sized food businesses across the region will particularly benefit from the removal of Export Health Certificates, saving businesses up to £200 each time goods are sent, meaning a single lorry carrying a mixed load of agrifood products, reducing pressure on food prices for shoppers.
“Working in partnership with business to kickstart economic growth and put money in people’s pockets is exactly what our Plan for Change is about,” said Economic Secretary to the Treasury Emma Reynolds.
“Our trade deal with the EU will deliver for families and businesses across the North West with lower food import costs and reduced red tape, while Lidl GB’s investment shows that international companies are backing Britain and our mission to drive growth across every region.”
The Economic Secretary will also welcome Lidl GB’s announcement of a £435 million investment in upgrading its warehouses in Leeds and London, which will create over 500 new jobs and strengthen Lidl GB’s capacity to supply affordable, quality food across the country.
