Brexit border controls on certain foods imported to Britain from the European Union may push up inflation there by 0.2 percentage points, according to a report published by Allianz Trade.

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The Allianz Trade economic insights paper said post-Brexit import charges would add a £2billion bill for Britons and push up inflation.

According to reports, Britain faces a £2 billion post-Brexit bill on European food imports from the end of the month.