Myth: CAP adds £400 to household food bills
InFact: Ditching the EU’s Common Agricultural Policy would save around 1% on food bills. Based on average household expenditure of £70 a week on food, drink, alcohol, cigarettes and narcotics, a 1% drop would save you just over £36 per year. The figure could be even less if we sought to mimic aspects of the CAP, such as agricultural tariffs, after Brexit.
This article has been adapted from a piece that previously appeared on InFacts.
Edited by Hugo Dixon