The UK is renowned for its blissfully unhealthy breakfasts and while in reality the country isn't actually awash with the smell of fried bacon and sizzling sausages every morning, the fry-up is an important part of its culture. New analysis by KPMG may then come as a worrying wake-up call as the country prepares to exit the EU - should the UK end up leaving under 'hard Brexit' conditions, the cost of a fried breakfast will see significant cost increases.
If negotiations on trade with the EU fail, the UK will, at least initially, have to fall back on WTO (World Trade Organization) rules, leading to much higher tariffs on some products. Orange juice, for example, would be subject to an estimated price increase of 34 percent. The essential ingredient of bacon would pile on 9 percent and even the oil used to fry everything would go up by 30 percent. Many Brits though, myself included, would question the use of olive oil. Far more common would surely be vegetable oil or a good old-fashioned slab of lard.
While a number of these products could also be sourced locally, the research nevertheless provides a more comprehensible illustration of one of the potential consequences of leaving the union.
The Statista "Chart of the Day", made available
under the Creative Commons License CC BY-ND 3.0, may be used
and displayed without charge by all commercial and
non-commercial websites. Use is, however, only permitted with
proper attribution to Statista. When publishing one of these graphics,
please include a backlink to the respective infographic URL.
The Statista "Chart of the Day" currently focuses
on two sectors: "Media and Technology", updated
daily and featuring the latest statistics from the media,
internet, telecommunications and consumer electronics
industries; and "Economy and Society", which
current data from the United States and around the
world relating to economic and political issues as well as
sports and entertainment.
For individual content and infographics in your Corporate Design,
please visit our agency website
Any more questions?
Get in touch with us quickly and easily. We are happy to help!