Tesco stockpiles goods to prepare for no-deal Brexit

Tesco is preparing for the “worst case scenario” of a no-deal Brexit by stockpiling long-life products, according to the supermarket retailer’s chairman.

John Allan spoke to Bloomberg on Wednesday just hours before prime minister Boris Johnson met with leaders in Brussels to a potential post-Brexit trade deal with the EU.

Allan also said that the supermarket giant was trying to minimise risk of food deliveries being held up in Dover by diverting shipments to other ports.

He reiterated what he said a month ago about seeing possible short-term disruption and shortages of fresh foods, particularly short life fresh food, in a no-deal scenario.

Allan warned that if the UK leaves the EU without a deal, tariffs would be substantial and that higher prices would be inevitable and “unavoidable.”

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