0800 644 6080
Call FREE from Landline and Mobile
Est. 1989

Food Firms Raise Concerns About Post-Brexit Trade Deals

Written by: Keith Tully

Published: 29th March 2017

Brexit-Effecting-Food-Industry Leaders from across the UK’s food industry have outlined some of their concerns about the potential damage that a bad Brexit deal might do to their operations in the coming years.

Representatives of the National Farmers Union of England and Wales (NFU), the Food and Drink Federation (FDF) and the British Retail Consortium (BRC) have issued a joint letter calling for the UK to negotiate favourable trade terms for food sector companies as Britain prepares to exit the European Union.

Article 50 has now been triggered, officially initiating the process of taking the UK out of the EU, and businesses are now keenly aware that the outcome of negotiations around post-Brexit trade deals could have very significant consequences for their operations and their profit margins.

Joint statements signed by the NFU, the FDF and the BRC point out that the food industry employs close to four million people in the UK and generates an estimated £108 billion in value for the economy.

The trade groups all want to see the strategic importance of their industry addressed directly as Brexit negotiations unfold over the course of the coming weeks and months.

“We cannot operate in isolation,” the joined statement says. “Our farmers need imported feed and inputs and they need access to other markets for their products.

“Our food and drink manufacturers rely on exports to grow their businesses and imports to complement their use of domestically produced ingredients and raw materials. Our retailers need access to a full range of goods all year round to balance seasonality and meet consumer demand.”

With all that in mind, the food industry groups are eager to see the British government ensure that “frictionless trade in goods between the UK and the EU” can be maintained as the Brexit process unfolds.

They also want the UK to aim to establish an “ambitious bilateral free trade agreement with the EU that delivers two-way tariff-free trade”.

There are concerns among some trade organisations and businesses that the process of taking the UK out of the EU will leave British-based manufacturers and food producers facing hefty tariffs and significant pressure on their operational finances as a result.

Keith Tully

Keith Tully

Join Keith Tully on Linked In Follow Keith Tully on Twitter

Keith has been involved in Business Rescue since 1992, during which time he’s worked for both independent and national firms. His specialties include company restructuring matters and negotiating with HMRC on his clients behalf.

Meet our Team of Experts
Director Support - Business suffering from Cash-Flow Problems?
If your company is financially distressed, we also offer the below services:
Business debt recovery

  • Recover Unpaid Invoices of £5k+
  • Expert Credit Control Services
  • Stop Late Payers & Bad Debts
Visit Site
Time to pay experts

  • Get Breathing Space with HMRC
  • Support with Business Tax Arrears
  • 35 Years HMRC Negotiation
Visit Site
UK Business Finance

  • Rejected for a CBILS Loan?
  • Get Emergency Business Funding
  • Supporting 1000+ UK Companies
Visit Site
Who we help
  • Company Directors
  • Finance Directors
  • Sole Traders
  • Accountants
  • Small Businesses
  • Large Businesses
  • Partnerships
Contact our team
Jonathan Munnery
Gillian Sayburn
Julie Palmer
or Find your Nearest Office

Here at Real Business Rescue we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Business Rescue Advice for Directors
Free Guide for Limited Company Directors
Business Rescue Advice for Directors
  • How to manage company cash flow problems
  • Advice on dealing with HMRC
  • Understanding rescue and closure options
  • And much more...
Free Guide Download
Dealing with your Insolvent Clients
Business Rescue Guide for Accountants
Dealing with your Insolvent Clients
  • Helping you advise insolvent clients
  • Spotting signs of client distress
  • Exploring business rescue options
  • And much more...
Free Guide Download
Our numbers speak for themselves
Number of UK Offices
Directors Helped
Licensed Insolvency Practitioners