British face higher EU prices when customs declarations costs added
BRITISH consumers will face higher prices on goods coming from the European Union after Brexit, according the British Retail Consortium (BRC) lobby, reports Bloomberg
BRITISH consumers will face higher prices on goods coming from the European Union after Brexit, according the British Retail Consortium (BRC) lobby, reports Bloomberg.
Products imported from the EU next year will require customs declarations, which cost between GBP16 (US$21) and GBP56 per product line.
They will also need documents like rules of origin paperwork, new red tape that is automatically triggered by Britain leaving the bloc's single market and customs union.
'These things will have to happen regardless of how good the deal is,' said BRC adviser William Bain. 'Any increase in cost in a low margin industry is ultimately going to be faced by the consumer.'
Costs and delays for businesses will rise further if the UK and EU fail to be pragmatic on other customs processes, the BRC said. The most burdensome will be export health certificates, a form required to move products of animal origin into the EU, which cost about GBP100 each and must be issued by a vet or other qualified professional. Such products include meats, fish, cheeses and yogurts.
Switzerland has been able to remove the need for EHCs with the EU through a deal based on regulatory alignment, but the British government wants regulatory autonomy.