BREXIT BOOST – Britons will enjoy cheaper food when we leave the single market, claims Owen Paterson
Owen Paterson, who served in David Cameron’s Cabinet, said Britons would be able to take advantage of “cheaper food at world prices” once the UK leaves the customs union.
Speaking at the launch of a Brexit-backing free trade pressure group on Thursday, Mr Paterson said: “There are massive gains for every single citizen if we leave the customs union and we escape the common external tariff.
There are massive gains for every single citizen if we leave the customs union and we escape the common external tariff
“Every one of us eats three times a day – every citizen in this country would be better off if we had cheaper food at world prices.
“Every household would be about £305 better off each year.”
The North Shropshire MP said Britain will be able to secure better deals when give its own seat at the World Trade Organisation.
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The claims were supported by Professor Patrick Minford of Cardiff Business School, who said leaving the single market would boost the economy by four per cent and cut prices by eight per cent.
He branded Philip Hammond “economically illiterate” because of the Chancellor’s opposition to dropping tariffs and leaving the single market.
Professor Minford added: “There are great gains to be made from eliminating the protection that the EU exerts over food, through the common agricultural policy and the associated tariffs, and also manufacturing.”
Prices at Britain's leading supermarkets could drop post-Brexit
Last month, Eurosceptic Paterson said German business leaders will pressure Angela Merkel into agreeing a free trade deal with Britain within the next two years because they cannot afford an economic battering from export tariffs.
"Many German businesses already understand how fundamental the British export market is for their prosperity – and are determined the EU strikes a full and comprehensive free trade deal with the UK within the two year negotiating period.
More than half of the fruit and veg sold in British supermarkets comes from overseas
"Any trade barriers erected will have a detrimental effect on jobs and prosperity in EU member states. German businesses do not want vital trade to be interrupted – and we want to work with them to make sure it is not.
"European business leaders are determined that their governments do not now play politics with a trading relationship so fundamental to the prospects of EU economies."