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UK manufacturers' stockpiling for no-deal Brexit hit record levels

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  • UK manufacturers' stockpiling for no-deal Brexit hit record levels

    Hoarding of raw materials is highest on record for a major advanced economy
    The risk of border gridlock caused by no-deal Brexit has led British manufacturers to ramp up their stockpiling efforts to the highest levels on record for a major advanced economy.
    According to the monthly snapshot from IHS Markit and the Chartered Institute of Procurement and Supply, which is closely watched by the Bank of England and the Treasury for early warning signs from the UK economy, British factories in January raised their stocks at the fastest pace since records began in the early 1990s.
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