Marks and Spencer expects food import issues when Brexit rules toughen


Marks and Spencer Group PLC (LSE:MKS) (LSE:MKS) expects food-related trouble next month when Brexit rules are enforced.

The supermarket is concerned that there are not enough officials on both EU and UK sides when tougher checks will be carried out on imports. A quarter of the UK’s food comes from Europe.

READ: Marks & Spencer has best day in years as surprise update impresses City

Some EU authorities operate only Monday to Friday, which Marks and Spencer said “will cause significant disruption to that import schedule and exacerbate the HGV driver shortage” in a letter to suppliers seen by The Times.

“Our proposed solution that we set out today is for a digitally enabled Facilitated Movement Scheme that still meets all of the EU standards, but with a common sense, practical and modern approach to achieving them that everyone can work with, EU and GB businesses alike,” George Wright, commercial director at M&S Food, wrote.

“The goal of such a scheme would be to simplify the documentation burden, for both UK and EU businesses, whilst still demonstrating standards are being met. We hope a scheme like this will be adopted and we would value your support in engaging and advocating for this approach with your local governments.”

The stock was flat at 182.01p on Monday before close.


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