Withdrawal from customs union and single market would take heavy toll, executive says

Tilda, one of the UK’s most popular rice brands, has said some of its business is at risk if the country withdraws from the customs union and single market.

The company’s joint managing director Umesh Parmar said the theory favoured by Brexiters that short-term pain was worth the sacrifice for the long-term gain of free trade deals around the world was misguided.

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Read More Hard Brexit would force Tilda’s Essex mill to close, rice firm warns

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