Brexit partly to blame for high inflation, says Bank of England economist. It added nearly £6bn to UK food bills in two years, research finds. How to fix Brexit? #Brexit #InflationUK #TheGuardian #TLDRNews

"Brexit added almost £6bn to UK food bills in the two years to the end of 2021, affecting poorest households the most, research has found. The cost of food imported from the EU shot up because of extra red tape, adding £210 to the average household food bills over 2020 and 2021, London School of Economics (LSE) researchers discovered. As low-income families spend a greater share of their income on food, the impact of Brexit on their purchases was disproportionately greater, they said. The research comes the day after data from the British Retail Consortium trade body showed UK food price inflation hit a record high of 12.4% in November as the price of basics such as eggs, dairy products and coffee rose." Read more.