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Home » News » Watch: Supermarket boss giving bleak assessment of Brexit is going viral

Watch: Supermarket boss giving bleak assessment of Brexit is going viral

"Wake up and smell the coffee you brexiteers."

Politics Reporter by Politics Reporter
January 17, 2023
in News
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How is Brexit going? According to a major supermarket boss, not very well.

It comes as the UK economy is facing a shortfall of 300,000 workers due to ending the freedom of movement since Brexit, reports The FT.

The UK in a Changing Europe and the Centre for European Reform think-tanks said that the ending of free movement was constricting the UK economy, leading to labour shortages in various sectors.

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Jonathan Portes, professor of economics and public policy at King’s College, London, who co-authored the report, said the shift in migration patterns was “a feature, not a bug”.

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Portes also added: “The longer-term impact on the UK labour market will be profound.”

Asda

With that in mind Lord Stuart Rose the Chair of major supermarket chain Asda appeared on LBC.

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He was asked by presenter Nick Ferrari: “What has the impact ofBbrexit generally been on business in the UK?”

Rose replied: “It’s been catastrophic… we are the only economy in the G7, possibly the G20, who have not yet recovered to pre-covid levels, that tells you something.”

ASDA Chairman Lord Stuart Rose says the impact of Brexit on business in the UK has been 'catastrophic.'

'We have suffered and we are the only economy in the G7 who has not recovered to pre-Covid levels, that tells you something.'@NickFerrariLBC pic.twitter.com/xrh4Odz87n

— LBC (@LBC) January 17, 2023

Reactions

1.

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And there you have it.

— Annie24 (@Gloriafr) January 17, 2023

2.

Must have hurt @NickFerrariLBC to listen to this little factoid that most sensible business people have known since the get go. It is getting air time from "big names" now at least and the bloke from Wetherspoons has piped down now too! #BrexitReality https://t.co/kgVOmoLGZG

— Dominic Langan (@Dominiclangan) January 17, 2023

3.

any comment @Keir_Starmer @RachelReevesMP ?
How are you going to make this sucker work ?
Put a sticking plaster on it ?
Phytosanitary arrangements ?
Think again https://t.co/NpHiNlII4t

— Fatmango (@Fatmango11) January 17, 2023

4.

I voted for it.

But I’m sorry to admit, I underestimated the staggering incompetence of this #tory UK government. 🤡

🤦🏻‍♂️ https://t.co/gYaNw2I7aC

— B (@BeeSurr) January 17, 2023

5.

You don't have to be a genius or expert to understand that if you put up barriers for British businesses to trade with their biggest market it will have a negative effect. When you make it more difficult & expensive for them to recruit, it has a negative effect.

— l'Immortale (@Don_LImmortale) January 17, 2023

6.

This is, of course, not 'news' but a statement of the obvious, as @vivamjm explains on a daily basis.

Re-creating trade barriers where there were none with your nearest and biggest market only creates costs.

'Project Fear', they called it.

— Kai (@kopite_kai) January 17, 2023

7.

Wake up and smell the coffee you brexiteers https://t.co/aGuZITFzFm

— Frank mullen (@Frankmu48639712) January 17, 2023

Related: Watch: James O’Brien unravels caller’s immigration complaints & leaves them furious

Tags: Brexit
Politics Reporter

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