Article 4RJM4 UK manufacturers start stockpiling for no-deal Brexit (again)

UK manufacturers start stockpiling for no-deal Brexit (again)

by
Richard Partington Economics correspondent
from on (#4RJM4)

Move unlikely to significantly boost growth due to limited warehousing capacity ahead of Christmas

British manufacturers have ramped up their stockpiling efforts ahead of the new Brexit deadline at the end of the month, amid growing concerns over disruption to the UK economy.

According to IHS Markit and the Chartered Institute of Procurement and Supply (Cips), UK factory output was boosted in September by firms rushing to purchase goods and materials to avoid any potential border delays.

Related: Britons have spent 4bn stockpiling goods in case of no-deal Brexit

At 11pm UK time on 31 October the UK would, by default, become a "third country" in terms of relations with the EU, with no overarching post-Brexit plan in place and no transition period. The UK would no longer be paying into the EU budget, nor would it hand over the 39bn divorce payment.

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