A No-Deal Brexit Risks U.K. Food Crisis, Sainsbury CEO Warns
- Leaving EU with no deal is ‘inconceivable,’ Coupe says
- U.K.-EU tensions simmer over shape of trading relationship
How Brexit Could Make Food Prices Skyrocket
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Brexit would lead to an unprecedented food shortage if the U.K. leaves the European Union without a deal, the CEO of the country’s second-biggest grocer said.
“The impact of closing the borders for a few days to the free movement of food would result in a food crisis the likes of which we haven’t seen,” J Sainsbury Plc Chief Executive Officer Mike Coupe said in an interview. “It’s inconceivable to me that there won’t be a solution found.”