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We need to strike a good Brexit deal by 2019, warns BRC

Laura  Barnes
We need to strike a good Brexit deal by 2019, warns BRC

The British Retail Consortium (BRC) has called on Government negotiators to keeping shop prices low once the UK leaves the European Union.

Pledging a positive and constructive approach to achieving the best possible outcome from the negotiations starting in March, the BRC said in a letter to Secretary of State for International Trade Liam Fox that the Government’s strategy must focus on finding opportunities for lowering import costs as well as avoiding any increase in tariffs.

“We will be supporting the Government through this complex and difficult process, helping them analyse how increased cost pressures on retailers could mean higher shop prices and identifying any opportunities for new trade deals that could benefit individuals and families” said chairman Richard Baker, launching the BRC’s Brexit campaign.

“The retail industry is the UK’s biggest importer, and has huge experience of importing from every corner of the world. We will be engaged in a constructive dialogue with government that will bring our experience to bear on the Brexit talks to the benefit of everyone in the UK.”
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BRC warns that failure to strike a good Brexit deal by 2019 would have a disproportionately severe impact on retailers and their customers, because new tariff rates that the UK would apply to imports from the EU would rise.

The BRC will also be campaigning with other industry groups for an early end to the uncertainty facing EU workers now residing in the UK and contributing to our economy.

“The UK retail industry employs between 100,000 and 200,000 EU nationals, who make a huge contribution in every type of role from the boardroom to distribution centres and customer service,” said BRC. “They deserve the reassurance that they will still be welcome here, whatever Brexit may bring.”

Tags: Retail , brc , brexit

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