https://www.cnn.com/2019/02/26/business/brexit-no-deal-costs/index.html
https://www.express.co.uk/finance/p...prepare-brexit-theresa-may-brexit-news-latest
https://www.politico.eu/article/uk-food-supply-under-threat-from-no-deal-brexit
Medicine shortages are also expected. If you have family with chronic illnesses like diabetes, prepare yourself.
- Shortages of specific food items, especially fresh fruit and vegetables.
- Increased prices on some foods £13 billion ($17 billion) in new administrative costs for companies.
- EU tariffs of around 70% on beef and 45% on lamb exports.
- The loss of free trade arrangements with countries including Japan and Turkey.
- Loss of market access and new trade barriers for the UK's service sector.
- Reduced flow of goods across the English Channel at Dover
https://www.express.co.uk/finance/p...prepare-brexit-theresa-may-brexit-news-latest
A currency expert also revealed to Express.co.uk he expects the pound could fall across the board.
Ian Strafford-Taylor, CEO of currency expert FairFX said: “Nothing is certain, but if the UK crashes out of the EU with no deal, the pound could fall across the board.
“In terms of what that looks for exchange rates, we could see the pound break well below 1.10 against the euro, and head towards the low 1.20s against the US dollar.
https://www.politico.eu/article/uk-food-supply-under-threat-from-no-deal-brexit
A lack of trading schedule means that supermarkets such as Tesco, Asda and Sainsbury’s still have no idea where they should buy from if there is no Brexit deal.
This concern is particularly acute as Britain produces very little fresh fruit and vegetables in the months of March and April. At this time of the year, 90 percent of lettuces, 80 percent of tomatoes and 70 percent of soft fruit is sourced from the EU.