thanks tim rycroft. we said the impacts of brexit would fall hard on brexit. because tariffs for food & drink tend to be higher for food & drink tend to be higher for manufactured goods and we have a number of areas where were are in regulatory alignment with the eu on standards where it's not clear how that would pan out in the event of no deal so the bank of england's forecast today i don't think comes as any surprise. we've been sang consistently for some time that in no deal brexit would be a catastrophic event for the food & drink set. nothing has changed our mind on that. today's announcement, i would rather the government put more time and effort in securing a deal than trying to put a worse part. do people understand in the first of november what would happen? in the event of no deal? no there some things that would happen, but things that are harder to know is what would happen on the other side of the china —— channel. but the indications are the eu will enforce the border strip b which means we will expect a lot of lorries will get stop and check th

that was tim rycroft.ted in a no—deal situation, and the answer they got from suppliers and supermarkets, everyone in the supply chain was a firm yes. but then the government made an assumption, the overall food supply wouldn't be impacted. food availability in the round would be ok, but you could get an impact, you heard it a bit there from tim rycroft, on the choice of food available, fresh food, and the price of food. we are seeing that food suppliers and some supermarkets are saying that assumption is not enough, they feel there is a plausibility, if you like, that come a no—deal brexit, things will be worse than the government's assumption, and i can quote a chief executive, people like me, the top retailer, and people from government will have to decide where lorries go to keep food supply chain going. in that scenario, we would have to work with competitors and the government would have to suspend competition laws. it is illegal for them to sit around and plan the supply. they feel it is sufficient

here's tim rycroft again.ary of state for business has he his last financial crisis when they were taught between banks, so i don't think it's a very difficult thing for government to do, they obviously it's a big signal of no deal preparedness. so no—deal would result in a lot of disruption. but some sectors believe it would be worth it. take the fishing industry. under the common fisheries policy, the uk needs to abide by strict harvesting quotas. no—deal means no quotas. here's one scottish fisherman. we will have real—time management of fisheries, something you can look at all important fisheries in the northern hemisphere like norway and iceland there are coastal states deciding what happens and in their waters which they control. we have to go through edinburgh and then london and then brussels, so if we need management of our fishery decisions that need to be taken on the day which usually takes months happening. that's not to say there aren't any risks. here's another view from within the scottish fish

let‘s get more on this now, and i‘m joined by tim rycroft chief operating officer at the food & drinkinterested to get your thoughts on the announcement. how reassuring which you heard is for your business. we have been singular since the referendum that the consequences of an ordeal brexit would be hard on the food and drink sector, partly because food is perishable and has a short shelf life and it is subject to particular checks of the border. partially because tariffs tend to be higher than manufactured goods and also we have a number of areas on the eu on food and drink standards. and it is not clear how that will pan out with not clear how that will pan out with no deal. the bank of england and the forecast today, i don‘t think comes asa forecast today, i don‘t think comes as a surprise, we have been saying for quite some time but in ordeal brexit would be a catastrophic event for the food and drink sector and nothing has changed our mind on that in today‘s announcement, frankly putting more time and putting more time and effort into trying to prevent the worse consequences of a

tim rycroft is the chief operations director at the food and drink federation, which represents about sector. he's with me now. good morning. simple question, are we all going to starve? no. simple answer. but there will be some selective shortages, particularly of fresh food and also some random shortages, as things like specialist ingredients failed to get through, as trucks get stopped on the other side of yesterday, some things will be unavailable temporarily, other things for a longer period of time, it will be quite hard to predict. how prepared are your members for a no—deal brexit? how prepared are your members for a no-deal brexit? i would say most of the larger companies have done pretty much as much as they can but there are still some things which are unknowable because the government can't tell us the answer to those questions. we don't know precisely what the trading environment will be on first november, we don't know exactly how the eu will behave on that day. so they are ready in the sense that they've done what they can but there are still some things that they can't