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Tesco chairman warns of price hikes in no-deal Brexit. (PA Wire) Consumers could face price hikes and a shortage of certain fresh foods if a trade deal with the European Uniion is not secured, the chairman of Tesco has warned. John Allan has also said we could see a lot more UK-produced items on the shelves when imported goods jumo in price due to import taxes. He told the BBC import taxes could push the price of brie cheese up by 40% and may mean British shoppers opt for cheddar instead. Mr Allan warned food bills could climb by 5% on average in the event of a no-deal scenario, with specific products likely to increase significantly more.
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