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We can't just go on hoarding like this for Brexit


Even with the timing of Brexit still highly uncertain — the extension will be reviewed next month, while Theresa May said last week that she wanted to leave the EU as soon as possible — many businesses appear to be opting to burn through their reserves. That could spell trouble for the economy, which was boosted by stockpiling. “While the immediate cliff edge has been avoided, the lack of a clear path forward means that many firms aren’t sure whether to maintain heightened levels of stockpiling, or run off what they have,” said Suren Thiru, head of economics at the British Chambers of Commerce. “Without clarity on the UK’s departure date from the EU, it’s impossible to predict when, and if, extra stock will be needed, leaving businesses in the dark about how best to balance their orders.”

The Times - May 5, 2019

View the full story here: https://www.thetimes.co.uk/edition/business/we-cant-just-go-on-hoarding-like-this-for-brexit-rmglncsxh