News in brief: food, Brexit, young people, entrepreneurs

News in brief
News in brief

UK is too dependent on food imports

The UK is heavily dependent on other EU member states for food. UK food production is below 60% of consumption and particularly reliant on imports for fruit and many vegetables.

This is according to a report by the Food Research Collaboration, which claims that supporters of Brexit have not once addressed the UK's dependency on EU producers and suppliers.

The UK suffers a huge food trade gap of £21bn. Not only is the UK reliant on the rest of Europe for food but this imbalance is a drain on the national balance of payments. The post-Brexit food world will be characterised by volatility, disruption and uncertainty. Food import costs will rise if the price of sterling falls. UK exposure to world commodity prices and competition with large trade trade blocs would rise.

The Common Agricultural Policy (CAP) and the Common Fisheries Policy (CFP) are significant control mechanisms in food and both need further reform. CAP has paid large sums to food and farm corporations and the CFP has produced waste and mismatch fishing. The CAP has pushed up land.

Brexit could damage young entrepreneurs chances of success

The lives of young people could face a negative impact if the UK were to leave the European Union. This is the message from National Association of College and University Entrepreneurs (NACUE) CEO Johnny Luk.

“NACUE, and our community, are pro-business. We have students from all over the world who create magical solutions, employ people and encourage investment,” said Luk. “We don't care where you come from, as long as you have the right intentions and the will power to make it happen. That's the essence of what makes the UK, and humanity, a success.”

Luk argues that the UK currently has the best of both worlds – it does not need to bail out any Eurozone countries, it has our own currency and has a strong say in an important members club.

“The alternative is a two-year period of uncertainty, resulting in a worse deal than before and potentially another referendum in Scotland. It doesn't look that good to me,” warns Luk.