Lyons Tea Could Disappear With No Deal
Lyons Tea
In September Irish leader Leo Varadkar told a gathering of the British Irish Chamber of Commerce that a no-deal Brexit would likely require “adjustments” in shopping the nation’s grocery aisles.
Citing a UK’s Economic and Social Research Institute (ESRI) report describing the impact of a hard exit, Varadkar noted that prices are likely to climb and many products commonly found in stores could disappear – at least for a period of time. The Irish Republic consumes $4.5 billion worth of British food and drink annually. It is the UK’s biggest export market for groceries. Coffee and tea are among the 4,500 imports likely to face a price increase of 20-30%.
Among the most popular teas is Lyons which is manufactured by Unilever in England. The tea marginally outsells Barry’s Tea but since the latter is produced in Cork, the tea will be protected from Brexit-shock.