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https://twitter.com/MichaelAodhan/status/1488580992159961095*This recipe is for 2 people
https://twitter.com/lisaocarroll/status/1335523497662173184UK grocery sector is one of the most competitive in the world and operates on tight margins to offer customers the best value possible. Remember up to Q4 2018 there was a record 5 yrs shop price deflation. That means no room to absorb costs 2/8
https://twitter.com/DanielJHannan/status/1335319715129028610Secondly we have the whole piece of geography and trade gravity and how EU-UK trades more goods with each other than the other two countries combined do with the EU. So any changes which unduly affect either side are a big game changers. That's why they are both digging in 2/7
The overarching finding of the report is that while progress has been made & the ambitions of the UKG are laudable, there is a need for technical detail to allow business to prepare for the changes that will come into force on 1 January 2021 and that detail needs to come now 2/11
2. 1stly retail and consumers in NI don't have room to absorb higher costs if there is friction. Retail is a high vol low profit margin industry c2% for some major retailers so no wiggle room. NI households have half of the discretionary income of GB so they can't absorb rises