Thinktank finds ‘clear and robust impact’ of Brexit on rising food prices, adding to cost of living crisis
, the highest rate since 1992. Economists have warned that inflation, which acts as a gauge for the rising cost of living, could hit 10% this year amid rising prices for gas and electricity triggered by the war in Ukraine.
that physical Brexit border checks on food imports from the EU due to be introduced in July would be delayed for the fourth time amid fears that supplies could be affected.Other economists say it is difficult to disentangle the effects of Brexit from other factors such as the Covid-19 pandemic, Russia’s war in Ukraine, movements in financial markets, global trade bottlenecks and shortages of workers and supplies across advanced economies.
Figures from the accountancy firm UHY Hacker Young show that UK businesses and consumers paid £4.8bn in customs duties on imported goods last year, a new record, and up from £2.9bn a year earlier.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Britain’s hopes of post-Brexit US trade deal ‘depend on workers’ rights’Unions from both sides of the Atlantic accuse Boris Johnson’s government of failing to grasp importance of labour rights
Read more »
Brexit row threatens £250m in UK research funding from EUDispute over Northern Ireland protocol puts associate membership of Horizon Europe scheme in doubt
Read more »
If you receive this text from Australia Post, do not click the link.auspost customers across the country are being warned of a sophisticated text-based phishing scam that puts fraudulent messages inside the user’s previous ‘Aus Post’ parcel notification history - making them look dangerously legitimate. 7NEWS
Read more »
NRL player apologises after ‘offensive’ act during Last Post caught on live TV.RaidersCanberra forward Corey Horsburgh has issued a statement after he was accused of disrespecting the Anzac Day ceremony. NRL 7NEWS
Read more »
Post-COVID deaths raise question of how pandemic mortality is measured“What we are also seeing in people with long COVID is the risk of developing heart disease is increased and those events are more severe.” COVID19Vic health
Read more »