No-Deal Brexit Will Spark Price Increases in Everyday Household Items: Logistics UK

Lorries are held in a formation as they take part in a trial to tackle potential post-Brexit traffic queues, on the A256 a few miles north of Dover in southern England, on Jan. 7, 2019. Glyn Kirk/AFP via Getty Images

A no-deal Brexit will cause the prices of imported household items to jump as much as 30 percent, said a business group representing hauliers on Oct. 25.

In a letter to the Sunday Times, David Wells, chief executive of Logistics UK, wrote, “Everyday household items we import will become more expensive under World Trade Organisation (WTO) tariffs, some by 30 percent or more; and because of WTO quotas, we could see restrictions on all the products we import.”