Meat Industry Faces the Chop on No-Deal Brexit

No-deal outcome would cause trade to collapse, group says
Industry urges long transition to allow suppliers to adjust

Hand written price signs sit on labels on cuts on beef steaks displayed for sale in a butcher's counter inside a Sainsbury's supermarket store, operated by J Sainsbury Plc, in the Wandsworth district of London, U.K., on Wednesday, April 15, 2015. Revenue at J Sainsbury rose 0.2 percent, returning to growth for the first time since August, Kantar Worldpanel said in a statement.
Photographer: Matthew Lloyd/Bloomberg

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By Manisha Jha

November 27, 2017 at 11:47 AM UTC

This article is for subscribers only.

If the U.K. leaves the European Union without a trade deal, the impact would be catastrophic for the European meat industry, according to a new report.

A no-deal outcome would lead to “trade collapsing and market prices falling, resulting in job losses across the EU,” said the report commissioned by the European Livestock and Meat Traders Union. Meat products would face the highest tariffs of all industries, the group said.