07-01-2019, 15:48
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#5848
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 68
Services: Premiere Collection
Posts: 43,620
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Re: Brexit
Seems about par for the course...
Only one small problem
Quote:
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Most people think Britain only imports about 50% of its food. But the reality is that 80% of food is imported, including basics such as carrots and tea.
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Quote:
In a research note to clients dated January 3, HSBC analyst David McCarthy and his team wrote, "It is widely believed that 50% of food is imported into the UK," he wrote. Among Conservative party members, 76% believe warnings about a no-deal Brexit are "exaggerated or invented, and in reality leaving without a deal would not cause serious disruption," according to a recent YouGov poll.
The 50% statistic underrepresents the reality, McCarthy says. In reality, "80% of food is imported into the UK," he wrote. The lower number "defines food processed in the UK as UK food, even though the ingredients may have been imported. For example, tea is processed in the UK, but we grow no tea — it is all imported. When ingredients are counted as imported, the real figure is over 80%."
Food shortages would happen within days of Britain's current customs arrangements becoming defunct. "As one ex CEO said at our Chairman's Conference in November: 'Carrots for sale in the supermarket on Thursday were in the ground in Spain on Monday,'
Carrots will stay fresh if you keep them chilled, of course. But the UK's frozen food storage capacity is already 100% used, according to various press reports. "In preparation for a worst-case scenario, retailers and suppliers have been stockpiling in the UK and press reports have highlighted that there is now no unused frozen food capacity in the UK," HSBC says.
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Difficult to display our normal sang-froid without a nice cuppa...
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Last edited by Hugh; 07-01-2019 at 15:53.
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