Costly import red tape means UK food prices will rise, expert warns
UK food importers are clashing with the government over a threat of inflationary increases to ...
Liam Fox, the UK’s trade minister, is reportedly targeting an export boom post-Brexit. According to Market Screener, Mr Fox says he would like to see the country’s exports grow to such a level that they would account for 35% of GDP. However, while setting the bold target, Mr Fox failed to give any specific timeframe on when this surge in growth would be achieved. In 2012, then-chancellor George Osborne was eyeing doubling exports to $1.28trn by the end of the decade – ...
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