Customs delays of 30 minutes 'will bankrupt 1 in 10 firms', say bosses
Supply chain chiefs at 1,300 surveyed firms say firms are already stockpiling parts amid fear of no-deal Brexit
Delays of only half an hour at UK ports and the Irish border would risk one in 10 British firms going bankrupt, according to a report laying bare the severe risk to the economy from no-deal Brexit.
According to the Chartered Institute of Procurement and Supply (CIPS), failure to reach a deal with Brussels before March could trigger massive queues of trucks at British borders from a vast increase in paperwork and checks to clear customs.
Related: Next warns of Brexit port delays and higher prices
Related: Rotterdam prepared for worst when Britain crashes out of EU
Related: A no-deal Brexit survival guide: what food to stockpile
Source: Guardian Transport
<a href="Customs delays of 30 minutes 'will bankrupt 1 in 10 firms', say bosses” target=”_blank”>Customs delays of 30 minutes 'will bankrupt 1 in 10 firms', say bosses