The gap between imports and exports is set to widen as the impact of Brexit is felt. By Cedric Porter
Farmers are being urged to act quickly to take advantage of tax relief as their Annual Investment Allowance (AIA) will drop from £1 million this year to £200,000 from January 1, 2021.
The UK dairy market has largely weathered Covid-19 so far, but could be seriously impacted by Britain’s future trading relationship with the EU.
The Government is continuing support to help businesses and employees through the second lockdown.
Britain’s food supply chain is better positioned to cope with the second lockdown than it was in the first wave of restrictions in March.
Further closures in meat processing plants cannot be ruled out, but extra measures by operators and co-operation with farmers will help keep shutdowns to a minimum, according to Nick Allen, chief executive of the British Meat Processors Association.
After months of near-record prices there is a bearish tone to the UK and global pig market amid fears of over-supplies.
How will the next phase of the pandemic impact demand for food and what can we learn from previous recessions? Cedric Porter reports.
Weather worries, no-deal uncertainty, a tighter global market and Covid-19 continue to influence grain prices.
Sterling continues its Brexit-inspired rollercoaster ride, with a further drop in value early this week, as talks between the UK and EU became increasingly fraught.