British Baked Beans Under Threat as Andy Burnham Drops Tariffs on Over 100 Food Products
The Budget has done 'nothing to ease the pressures food and drink manufacturers are under', manufacturers warned
TL;DR
- British baked bean producers fear tariff cuts could undermine the industry.
- Manufacturers argue that cheap imports will not significantly lower consumer prices but will harm domestic factories.
- The Food and Drink Federation states the recent Budget has not eased pressures on food and drink manufacturers.
- Concerns also exist regarding the lifting of tariffs on confectionery products.
- The government claims tariff suspensions will reduce consumer costs by up to £595 million annually.