Context
A report by the UK in a Changing Europe think tank indicated that new post-Brexit trade barriers have caused a 6% increase in UK food prices, according to Justin King, former CEO of Sainsbury's.
Question
What assessment has been made of the impact of your Department's trade policies on UK food prices? A report from the UK in a Changing Europe think tank said that new post-Brexit trade barriers have caused a 6% increase in UK food prices. Justin King, former CEO of Sainsbury's, stated that Brexit is responsible for rising food prices.
Answer from Greg Hands
The UK's trade policy aims to increase access to good quality, good value food from around the world. Recent free trade agreements with Australia and New Zealand reduce or remove tariffs on most goods which could help lower prices. However, many factors contribute to UK food prices and their precise impact is uncertain.
Not addressed: Did not directly address whether staying in the EU would keep food prices low or if independence would result in lower prices as asked
How: Uncertain Impact
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