Brexit will REDUCE food, wine and clothes costs by 20% – Rees-Mogg fires back at Remainers

EXCLUSIVE: Leaving the European Union (EU) will reduce people’s food, wine and clothes bills by up to 20 per cent, said Brexiteer Jacob Rees-Mogg.

Jacob Rees-Mogg said tariffs can be taken off wine from outside the EU

The Conservative MP told Express.co.uk Britons’ living standards will soar after Brexit thanks to the removal or reduction of tariffs.He said the world is now our oyster and we will not have to be restricted by punitive food, wine, clothing and footwear costs.

The quality of food could easily increase as well, he said.

Britain’s poorest citizens could see their disposable income rise “significantly” which will be good for the economy as a whole, Mr Rees-Mogg said

The Brexiteer said: “What Brexit should be about is ensuring the standards of living of the readers of the Daily Express et cetera, are high.

“What Brexit should be about is ensuring the standards of living”

Jacob Rees-Mogg

“How do we achieve that? We achieve that by shoring up our economy by allowing them to buy high quality food that is cheaper from other countries.

“So, to buy oranges from Florida, rather than oranges from Spain – that could potentially reduce people’s food costs by 20 per cent.

Where the tariffs are the highest is on clothing and footwear.“These make up a disproportionate amount of the budgets of the poorest people in society.

clothes

Clothes could see up to a 20 per cent price reduction
“If those come down in price significantly then the disposable income of the poorest in society rises significantly, which they can then spend on alternative consumer goods, they can invest, they can save.“Companies can invest more because the bank notes will be recirculated – it’s a really positive economic picture.”

Shoes

Shoe lovers will be very happy if the tariffs are removed

rees-mogg

Jacob Rees-Mogg rejected Remainers’ scare tactics
The North East Somerset MP said the public is not hearing enough of that argument and are instead subjected to a Remainer mantra of “gloom and doom and why we desperately need the EU to hold our hand through the process”.He added: “We don’t. And that’s what we voted to do, we voted for an exciting future outside the constraints of, well put it this way, of the dead hand of the EU.”

The former Treasury Committee member also said Brexit will reduce wine costs in the UK as tipple from outside the EU could be tariff-free, or could be reduced.

He said: “There’s a 30 per cent tariff on wine from outside the EU. Why should we protect the French and Italian wine industries against the Australian and American wine industries.

“I can see no good reason for that, just a higher cost for British consumers.”

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