UK Food Exporters Struggle Amid Brexit Fallout

  • Fortnum & Mason CEO urges Sunak to seal a post-Brexit trade deal for Northern Ireland
  • Food exporters hit hardest by Brexit, says Athron
  • Agreement could improve UK-EU relations
  • Sunak faces resistance from unionists and Eurosceptic Tory MPs

Fortnum and Mason CEO Tom Athron has urged UK Chancellor Rishi Sunak to negotiate a post-Brexit trade deal with Brussels for Northern Ireland, stating that the current situation is making it ‘almost impossible’ for food retailers to export to the EU. The agreement could improve UK-EU relations and alleviate concerns from businesses like his own, which have been hit hardest by Brexit. Athron mentioned that Fortnum & Mason had to halt Europe deliveries due to the impact of Brexit, costing him 10% of his business. He believes resolving this issue will benefit both the UK and EU.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the concerns of food retailers regarding post-Brexit trade rules for Northern Ireland and the need to improve UK-EU relations. It also mentions the impact on businesses and the efforts made by Sunak to address these issues.
Noise Level: 3
Noise Justification: The article provides relevant information about the concerns of food retailers regarding post-Brexit trade rules for Northern Ireland and the impact on businesses. It also highlights the need for improving UK-EU relations. However, it could provide more data or examples to support the claims and explore potential solutions.
Financial Relevance: Yes
Financial Markets Impacted: UK food retailers and exporters
Financial Rating Justification: The article discusses the impact of Brexit on UK food retailers and exporters, specifically mentioning Fortnum & Mason’s temporary halt in Europe deliveries due to trade rules. It also mentions the potential agreement between the UK and EU that could affect these businesses.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.

Reported publicly: www.retailsector.co.uk