Economics
U.K. Manufacturers Step Up Stockpiling as Brexit Looms
- Factories report almost a record increase in stock holdings
- Exit from EU with no divorce deal would bring disruptions
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U.K. manufacturers are intensifying their stockpiling efforts as they brace for a potentially disruptive Brexit.
Factories reported an almost record increase in stocks last month, IHS Markit said in a report Wednesday. New orders also picked up as firms and their clients rushed to protect themselves before the March exit date.