Tesco chairman warns that UK food prices are ‘very likely’ to go up as a result of Brexit

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Food prices in the UK are &&num;8220&semi;very likely&&num;8221&semi; to rise as a result of Brexit&comma; the chairman of Tesco has warned&period;<&sol;p>&NewLine;<p>John Allan said the plunge in the value of sterling would have a knock-on impact on customers&period;<&sol;p>&NewLine;<p>Asked about whether Brexit would increase the price of food&comma; Mr Allan told BBC Radio Four&&num;8217&semi;s Today programme&colon; &&num;8220&semi;I think it&&num;8217&semi;s probable&comma; it obviously depends on currency&comma; where the pound settles&period; If it stays where it is&comma; it is likely&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Mr Allan insisted he wanted to protect customers as much as possible after Tesco had a high-profile dispute with a supplier who tried to use the fall in the pound to increase prices&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Everyone who wants to increase prices will get scrutiny&period; We are trying to defend our customers from unjustified price increases<&sol;p>&NewLine;<p>&&num;8220&semi;But&comma; that it is likely there will be some price increases going forward &&num;8211&semi; I think is very likely&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Remember at the moment we have got virtually nil inflation&period; Inflation I think could nudge up to 2&percnt; or 3&percnt;&comma; food prices would be a part of that&comma;&&num;8221&semi; he said&period;<&sol;p>&NewLine;<p>Mr Allan warned that suppliers are &&num;8220&semi;very concerned&&num;8221&semi; about restrictions on migrant labour after Brexit&comma; as he insisted Britain could not just take highly skilled immigrants&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We have about a million&comma; for example&comma; EU citizens living in London&comma; and many hundreds of thousands elsewhere in the country&period;<&sol;p>&NewLine;<p>&&num;8220&semi;And industries like the agricultural industry&comma; picking and packing fruit and veg&comma; and meat&comma; and so on&comma; are heavily dependent on migrant workers &&num;8211&semi; not just seasonal migrant workers&comma; but people who are here 52 weeks a year&period;<&sol;p>&NewLine;<p>&&num;8220&semi;And I know our fresh food suppliers are very concerned that is properly taken into account&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We don&&num;8217&semi;t just need brain surgeons and architects&comma; I think we need many people who do much more ordinary&comma; but nonetheless extremely important&comma; jobs&comma;&&num;8221&semi; he said&period;<&sol;p>&NewLine;<p>France&&num;8217&semi;s ambassador to the UK&comma; Sylvie Bermann&comma; said she expected French people to be treated the same way in Britain as Britons would be in France after Brexit&period;<&sol;p>&NewLine;<p>&&num;8220&semi;I think it will be dealt with on a reciprocal basis&comma;&&num;8221&semi; she told the BBC&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed5e5166fd1">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ed5e5166fd1'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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