Once again, shelf price and purchase price are not the same thing.
The supply chain needs to be paid.
Food imported at distance is more susceptible to oil price.
Food imported at distance is more susceptible to the competition of other markets.
Food competing with your domestic market weakens food security.
In a free market investors move their money from products that start making less money.
If there is less production and demand remains the same, prices can rise.
The reduction of tariffs should not be seen as a guaranteed cost benefit to the consumer.
Any cost benefit can result in structural changes which ensure this is short term, and actually worse for the consumer.
The free market is very good at keeping things cheap, but is very bad at stability and long term planning.

Which is fine if you're buy television sets, not so much if you're buying something essential to sustain your life.
Crops fail. Pandemics result in export bans.

Even something as simple as a storm in the English channel can damage lamb availability.
Any short term gains from tariff reduction must be weighed against sustainability.

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More from @EmporersNewC

20 May
Hi, my name is Tom Harwood, and I didn't read as far as Article IX of the UK Australia trade agreement in force before we joined the EEC.
There is a consistent noise of an over nostalgic trade relationship from people who know as much about our trade relationship in the 70s as they did about all those tariffs the EU puts on the poorest countries in the word. 🙄
UKATA is in no way, shape, or form, reciprocal tariff free trade. Image
Read 7 tweets
19 May
Apart from anything else, trade deals are supposed to be long term. If you believe in the free market, you have to accept that buying and selling patterns are not fixed and market led.
And of course, this. Production can increase to meet demand.

Read 5 tweets
19 May
It's all very well arguing about quotas or tariffs, but where is the impact study that the UK has done?

We have the EU one, but I don't know where to find the UK equivalent to know how employment will be impacted. Image
We also know in the case of the EU if there is an estimated diversionary effect that will negatively effect the poorest countries in the world. Image
It seems to me that we're arguing in the dark and the EU are so much better than the UK at this.... #JustSaying
Read 5 tweets
17 May
The NI protocol is what a Brexit supporting PM negotiated when we "held all the cards" in a situation where "we can choose the path we want".
The really funny part is when Brexit supporters blame Remainers for this for "fighting it in parliament".
Because had Remainers had not "fought this in Parliament" then they would have voted for the backstop.
Read 33 tweets
10 May
BJ: Michael, I've just been looking over what you said in the referendum about Scotland, and I was wondering if you still believed it?
MG: Boris, I didn't believe it then! I thought we had an understanding. I thought everybody knew I'm the epitome of the deceitful amoral smug little shit.

With the exception of Chris Grayling, I'm the worst person to be anywhere near a government.

I'm a terrible human being.
BJ:OK, well I'm just reading here that the minister in charge said "Scotland should have the strongest devolved powers of any one earth".

So what they put in place should work in our favour, right?
Read 4 tweets
9 May
The priority at the moment "is recovery from the pandemic".

From the same man who wouldn't agree to an extension to the EU negotiations at the worst point of the pandemic.
People say the Brexiteers sovereignty arguments are going to be used against them, but it goes much deeper than that.
I don't think Johnson has a single senior minister who hasn't demonstrated themselves either a pathological liar over Brexit or a simpering sell out who will do anything to follow the party line.
Read 6 tweets

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