Leading Institute Models Three Brexit Scenarios
The Agri-Food & Biosciences Institute has produced an interesting report that looks at three possible scenarios and the possible impact. The reality is the eventual deal will probably be a hybrid of these. The report does however help to highlight just how important it will be to end up with the right deal with the EU. The report highlights a scenario demonstrating that a cheap food policy would decimate the red meat sector in this country, it also demonstrates that there is little comfort from finding ourselves working under WTO rules.
If anything, the report highlights the importance of having as free trade as possible with the EU although that still comes at a cost.
The nature and structure of the livestock and red meat sectors mean that they are not in a position to react quickly so they need to know and understand what the future looks like as soon as possible. There is a great need for the Government to map out their long-term vision, strategy and aspirations for food production in this country, laying out its commitment to food security, resilience and standards. They can then approach negotiations with the EU with clear and concise objectives in mind.