The price of alcohol could rise "significantly" for Irish and British customers if the EU-UK Brexit backstop deal fails to make it through a Westminster vote and a no deal crisis occurs. "The ABFI would urge all parties to seek to ensure that a withdrawal agreement is concluded and that a no-deal Brexit is avoided. A no-deal Brexit would be seriously damaging to the Irish and UK economy, including the all-island drinks industry. At the same agriculture committee this afternoon, the Food Drink Ireland organisation will issue a similar warning, saying food and alcohol prices will "rise significantly" unless a Brexit deal is secured. "In the event of a no-deal scenario, World Trade Organisation tariffs could increase EU food and drink export prices to the UK significantly.

Source: Evening echo December 03, 2018 18:33 UTC