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Online Poll Finds Doom And Gloom Over Impact Of Brexit

July 12, 2016: 12:00 AM EST
An online reader poll by BakeryandSnacks.com found that Brexit is expected to have a serious impact on pocketbooks. Three of five industrial bakery execs said Brexit will lead to rise in ingredients costs, while three of four believe it will drive up retail prices due to high ingredients and labor costs, and a weaker pound. Only 30 percent of readers said Brexit would have a positive impact, while 40 percent expect sales to drop. “Since it's the major retailers that make the rules,” said one reader, “Brexit won't have a major impact on bakery.”
Vince Bamford, "Brexit: 60% Of Firms Fear UK Leaving EU Will Push Up Ingredients Costs", BakeryAndSnacks.com, July 12, 2016, © William Reed Business Media SAS
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