Brexit continues to take no prisoners- the latest victim being the nation’s beloved Marmite. Due to a rise in wholesale prices by multinational goods company Unilever, Tesco has threatened to axe a number of Unilever brands from it’s online website.
This includes Marmite, Pot Noodle, Hellmann’s Mayonnaise, Ben & Jerry’s ice cream and even our cherished PG Tips! After the steep crash of the British pound, Unilever tried to raise its prices by 10% leading to a lock of horns between supplier and shop.
As Parliaments rails on about hard and soft Brexit, it seems it is now dawning on the public just how far reaching the effects of Brexit will take us. Anything produced on the European continent will face a price hike and given the UK imports all things from food to laundry products to cars and clothes, almost everything on our weekly grocery list is set to go up in price.
Bruno Monteyne, a former senior Tesco executive, said:
“While politicians can deny reality, a shampoo produced on the continent is now more expensive. This isn’t about Tesco or Unilever, but about all UK retailers and suppliers.”
However, not all is lost. Tesco and Unilever have been in heated negotiations, and whilst no one knows exactly whether the Anglo-Dutch company got the full 10% or a fraction of it, it appears Marmite will still be stuck on our shelves for now.
A Tesco spokesperson said:
“We always put our customers first and we are pleased this has been resolved to our satisfaction.”
