Here's How Brexit Impacts the Food and Drink Sector

The transcript discusses the challenges faced by the UK food and drink industry due to labor shortages, currency devaluation, and Brexit. It highlights the importance of frictionless trade, particularly concerning the Irish border, and the integrated supply chains between the UK and Ireland. The discussion also covers the EU negotiations, the industry's voice in decision-making, and the potential impacts of a hard Brexit, including increased tariffs and food prices.

What is the main reason for the labor shortage in the industry according to the speaker?

• Brexit

• Currency devaluation

• Lack of skilled workers

• Government policies

What percentage of the workforce in the industry is from the EU?

• 30%

• 20%

• 40%

• 10%

What example is used to illustrate the challenges of frictionless trade?

• The Strait of Dover

• The North Sea

• The Irish border

• The English Channel

Why is the UK-Ireland trade relationship particularly important for the food and drink industry?

• Ireland is the largest producer of flour

• The supply chains are highly integrated

• Ireland provides the majority of the UK's workforce

• The UK exports most of its meat to Ireland

What is one potential impact of a hard Brexit on the dairy industry?

• Increase in milk prices

• Decrease in milk prices

• Milk shortages

• No change in milk prices

What is one of the priorities for negotiations mentioned by the speaker?

• Reducing taxes

• Ensuring labor access

• Improving technology

• Increasing exports

What is the tariff percentage mentioned for dairy products in the event of a hard Brexit?

• 20%

• 50%

• 10%

• 36%