Tesco warns over stockpiling in the UK as threat of no-deal Brexit looms

&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>Tesco has become the latest supermarket in the UK to warn over stockpiling as grocers ramp up contingency plans for a no-deal Brexit&period;<&sol;p>&NewLine;<p>Chief executive Dave Lewis said ensuring uninterrupted transport of fresh food across borders was the &OpenCurlyDoubleQuote;single biggest challenge” for supermarkets if the UK crashes out of the EU without a deal&period;<&sol;p>&NewLine;<p>He said the group was making contingency preparations for a no-deal scenario&comma; but was still in &OpenCurlyDoubleQuote;wait and see” mode until the outcome of negotiations becomes clearer&period;<&sol;p>&NewLine;<p>He said&colon; &OpenCurlyDoubleQuote;The biggest single challenge will be in a no-deal scenario and what happens with fresh food&period;<br &sol;>&NewLine;&OpenCurlyDoubleQuote;The possibility of stockpiling fresh food is very&comma; very limited&period;”<&sol;p>&NewLine;<p>He stopped short of confirming if Tesco was actively stockpiling in the UK&comma; but said it was a possibility with dry food&period;<&sol;p>&NewLine;<p><a href&equals;"https&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2018&sol;10&sol;7F973EE6-96E7-441A-B4A6-3F735D240985&period;jpeg"><img src&equals;"https&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2018&sol;10&sol;7F973EE6-96E7-441A-B4A6-3F735D240985&period;jpeg" alt&equals;"" width&equals;"600" height&equals;"338" class&equals;"aligncenter size-full wp-image-118563" &sol;><&sol;a><&sol;p>&NewLine;<p>He added that plans to ensure fresh food transport is not held up is &OpenCurlyDoubleQuote;where all our attention will be in the lead-up” to Brexit&comma; with contingency planning stepping up after Christmas if a deal is still not struck&period;<&sol;p>&NewLine;<p>The comments come after German discounter Aldi said on Monday that it had considered stockpiling food as part of its preparations for Brexit&period;<br &sol;>&NewLine;But its UK boss&comma; Giles Hurley&comma; added that Aldi’s increased fresh food range would make this more difficult&period;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;118564" aria-describedby&equals;"caption-attachment-118564" style&equals;"width&colon; 600px" class&equals;"wp-caption aligncenter"><a href&equals;"https&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2018&sol;10&sol;72679660-897A-4295-9DD4-87FDC62C676F&period;jpeg"><img src&equals;"https&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2018&sol;10&sol;72679660-897A-4295-9DD4-87FDC62C676F&period;jpeg" alt&equals;"" width&equals;"600" height&equals;"400" class&equals;"size-full wp-image-118564" &sol;><&sol;a><figcaption id&equals;"caption-attachment-118564" class&equals;"wp-caption-text">Dominic Raab<&sol;figcaption><&sol;figure>&NewLine;<p>Britain&&num;8217&semi;s Brexit Secretary Dominic Raab said in July that the British Government is making plans to secure food supply in the event of no deal being struck&period; But he said it was &OpenCurlyDoubleQuote;wrong to describe it as the Government doing the stockpiling”&comma; indicating that industry would need to take the lead&period;<&sol;p>&NewLine;<p>Research last week revealed that food retailers face a mammoth £9&period;3bn &lpar;€10&period;4bn&rpar; cost in the event of a no-deal Brexit&period; According to Barclays Corporate Banking&comma; higher tariffs and customs costs could hit supermarkets and their supply chains hard&period;<&sol;p>&NewLine;<p>The report also warned that shoppers would take on some of the extra cost in the price of their groceries&period;<br &sol;>&NewLine;Without a deal&comma; Barclays said that food and drink from the EU would be slapped with an additional 27&percnt; tariff under World Trade Organisation &lpar;WTO&rpar; rules&comma; compared with between 3&percnt; and 4&percnt; on non-food items&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-68ecf5d8a49fe">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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