UK suffering from ‘catastrophic’ impact of Brexit, says Asda boss

‘Trust me – I can smell it – we have suffered’, says Tory peer Stuart Rose

Britain is suffering from the “catastrophic” impact of Brexit and should consider a closer trading relationship with the EU, according to the Asda chair.

Tory peer Lord Stuart Rose said trade between the UK and its neighbouring bloc was “not flowing smoothly” as he outlined why all sides should compromise to achieve closer ties.

Asked what impact Brexit has had on business, Lord Rose, a prominent Remain campaigner, told LBC: “It’s been catastrophic.”