Would prices go up if we left the EU?

Competition between businesses across the EU single market means lower prices on the goods you buy, saving your family £350 a year (Source: London School of Economics Centre for Economic Performance).
A number of experts such as the National Farmers Union have warned that prices on food and drink would increase, costing families more at the shops.
If we left the free trade single market, businesses would have to pay the new costs of tariffs to import and export goods and services, and administrating paperwork. They would pass on those costs in higher prices on your shopping. 
Leaving Europe would leave you and your family out of pocket.

Last updated: Feb 18, 2016