1 Day
Source:
The Guardian
UK food trade deficit hits £21bn
The UK’s food and drink trade deficit has reached over £21 billion, the largest since 2000, due to Brexit, the Middle East war, and US tariffs that reduced exports. Export volumes declined by 11.7% in the first half of 2026, with shipments to the EU and outside markets falling amid increased costs and disruptions. Meanwhile, imports rose significantly, driven by eased trade restrictions and tariff suspensions, leading industry leaders to call for greater government support to strengthen domestic production and ensure food security.
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