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Brexit could push up food prices, IFS report shows

The Institute for Fiscal Studies said that the lowest 10 per cent of families would be the most affected

A report released by the Institute for Fiscal Studies (IFS) has found that Brexit could have a “substantial impact” on UK food prices, with the worst effects being felt by the poor.

The report states that the implementation of trade tariffs and a drop in the exchange rate could increase the price of food.

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