Of all the dire warnings of what might befall Britain after leaving the European Union, this is one of the oddest — a cheese crisis. The country spends more than $3.5 billion a year on this coagulated comestible and now faces rising prices and even shortages, thanks to last year’s Brexit referendum, which approved Britain leaving the European Union.
Dominic Coyte knows this to his cost. Coyte runs the Borough Cheese Co. in London, which imports and retails a range of French and other continental European cheeses. He describes Brexit as “a disaster.”
“Since the referendum result, the pound has sunk against the euro, and that’s forced us to put up our prices. In October last year, we put up our prices by 15 percent.” he told Marketplace.
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