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U.K. Firms to Stockpile Goods and Parts to Avoid Brexit Delays

  • Manufacturers consider stockpiling to avoid post-Brexit delays
  • Brexit transition deal this month ‘critically important:’ BCC
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Lena Komileva of G Plus Economics says the Brexit "standoff" is hindering U.K. investment and hiring.(Source: Bloomberg)
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Many U.K. manufacturers are considering whether to build up stocks to ease the risk of Brexit-related trade delays, the head of one of the country’s biggest business lobby groups said, after Airbus SE flagged the issue.

Firms are also looking at whether to expand their storage capacity to accommodate for increased stockpiles, to ensure they’re able to deliver to the same timescales after Brexit as now, British Chambers of Commerce Director General Adam Marshall said on Wednesday in a phone interview. Airbus last week said it may have to stock up on parts it needs to build wings at its U.K. plants to avoid the risk of delays to deliveries after Britain leaves the EU.