На информационном ресурсе применяются рекомендательные технологии (информационные технологии предоставления информации на основе сбора, систематизации и анализа сведений, относящихся к предпочтениям пользователей сети "Интернет", находящихся на территории Российской Федерации)

Food Politics

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Brexit: what can this mean for the food-and-drink industries?

What Britain’s exit from the European Union (“Brexit”) means for food and agriculture is worth pondering.

As The Guardian put it,

It is no coincidence that food and drink is at the heart of so much of the debate about whether we are better off in or out of the EU. Worth £80bn a year and employing 400,000 people, it is our largest manufacturing sector and a big exporter and importer.

Moreover, 38% of its workers are foreign-born, placing its demand for cheap labour at the centre of arguments about immigration.

The common agriculture policy (CAP) swallows up nearly 40% of the total EU budget…Britain produces just more than half what it consumes and depends on Europe to provide more than a quarter of the rest, while the EU’s population of more than 500 million people provides the UK’s most significant export market for food.

Agrimoney, a London-based concern that reports on commodity markets began its report on Brexit’s impact with these words:

Oh dear.

Bakery & Snacks is especially interested in the meaning of Brexit for the food and drink industries.

It produced a Special Edition highlighting its articles on the topic.

The UK’s decision to leave the European Union goes against the wishes of 71% of the UK food & drink industry, according to a poll by the Food and Drink Federation. William Reed Business Media publications assess the impact for individual sectors such as snacks, confectionery, dairy, bakery and feed as well as food ingredients suppliers. What will Brexit mean for the food, feed and drink industries?

And here is one more.

It’s obvious from reading all this that the effects of the Brexit decision are largely unknown and not easy to predict.  The follow-up will be interesting to watch.

Fingers crossed that the fallout won’t be as bad as predicted.

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