Lorries queuing to enter the port of Dover on 18 December. Photograph: Ben Stansall/AFP/Getty Images
After months of tortuous negotiations between the UK and the EU, a Brexit trade deal was agreed at almost the last minute. But how prepared are UK businesses for the significant changes that will come into force on 1 January? Are they happy with the terms of the agreement?
Retail
A shock rise in high street prices caused by billions of pounds of new import taxes on everyday goods has been avoided thanks to the new trade deal. Four-fifths of UK food imports come from the EU, and the British Retail Consortium has told shoppers they can heave a “collective sigh of relief
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