Article 3ZHSZ Customs delays of 30 minutes will bankrupt one in 10 firms, say bosses

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.

Related: Next warns of Brexit port delays and higher prices

Related: Rotterdam prepared for worst when Britain crashes out of EU

Related: A no-deal Brexit survival guide: what food to stockpile

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