Customs delays of 30 minutes will bankrupt one in 10 firms, say bosses
by Richard Partington from on (#3ZHSZ)
Supply chain chiefs at 1,300 surveyed firms say firms are already stockpiling parts amid fear of no-deal Brexit
Delays of only half an hour at UK ports and the Irish border would risk one in 10 British firms going bankrupt, according to a report laying bare the severe risk to the economy from no-deal Brexit.
According to the Chartered Institute of Procurement and Supply (CIPS), failure to reach a deal with Brussels before March could trigger massive queues of trucks at British borders from a vast increase in paperwork and checks to clear customs.
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