New Brexit checks to cost UK business £2bn and fuel inflation, report finds

Additional measures from 30 April for imported animal and plant products could hike costs by 10% in first year, says Allianz Trade

New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result.

With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson’s Brexit deal could add 10% to import costs over the first year.