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Growth slows as overseas companies buy elsewhere amid uncertainty, survey suggests. / Britain's manufacturing sector suffered a slowdown in growth in April as Brexit resulted in an acceleration of foreign firms shunning the UK and sourcing goods from elsewhere.
Car production slumped 24% as manufacturers shut down plants temporarily in anticipation of no-deal exit from EU that did not happen.
Signs that European customers are “abandoning” UK firms are starting to show after British manufacturing recorded the steepest downturn in almost three years.
It will take “six to eight months” to build up supplies of medicines for a no-deal Brexit, a leaked cabinet note says – undermining Boris Johnson’s threat to crash out of the EU on 31 October.
Airbus SE, one of the most outspoken companies about the risk of a no-deal Brexit, is telling European countries to prepare for a worst-case scenario so they aren’t caught flat-footed when the next deadline on Oct. 31 approaches.
The political impasse over Brexit threatens to “suffocate” business investment across the UK, with the economy grinding to a halt as a temporary boost from stockpiling comes to an end, the British Chambers of Commerce (BCC) has warned.
Business group downgrades GDP rises and warns dwindling investment will hurt long-term economy. / Economic growth in Britain is expected to slow to the lowest levels since the financial crisis as firms run down Brexit stockpiles, according to a leading business lobby group.
Boris Johnson, the front-runner to be Britain’s next prime minister, has raised the prospect of a shock for the world’s fifth-biggest economy by pledging to leave the European Union on Oct. 31 without a transition deal if necessary.
Stockpiling ahead of Brexit was one of the main reasons for the Scottish economy growing.
The Government has announced new plans to secure freight capacity to bring medicines and medical equipment from continental Europe in the case of a no-deal Brexit in October.
Supermarket believes October deadline is ‘not far off the worst day possible’ for retailers. / Supplies of toys and electronics for Christmas could be hit by a no-deal Brexit, the boss of Sainsbury’s has warned as he revealed another set of disappointing sales figures.
Planning for the new Brexit deadline is "more difficult" because the supply network will be full of Christmas stock, Tesco's boss has warned.
The warning comes after similar cautions from the country's leading supermarkets.
Four out of ten Brits are stockpiling items including food, medicine and clothes in preparation for the growing prospect of the United Kingdom leaving the European Union without a Brexit deal later this year.
Supplies face ‘unprecedented’ disruption, yet ministers have not shared assessments with public for fear of sparking panic-buying by consumers.
How could you be affected if the UK does leave the EU without an agreement?
Pizza chain forks out £7m on imported foods such as Portuguese tomato sauce.
He was booed in Scotland. In Wales, a chicken submitted to his embrace, but politicians held him at arm’s length. And in Northern Ireland, there were rumblings of Irish unity — which could only come at the expense of its ties to the rest of the United Kingdom.
‘The challenge is, particularly in food, it’s perishable, so you can’t stockpile today for demand in November,’ Carney says. / A no-deal Brexit could cause food shortages, Mark Carney has suggested, adding that job losses and business closures are also likely.
The government has announced an extra £2.1bn of funding to prepare for a no-deal Brexit - doubling the amount of money it has set aside this year.
The UK economy contracted 0.2% between April and June, its worst performance since 2012, the Office for National Statistics said.
The drop comes despite a boost to the economy in the first quarter of the year, thanks to Brexit stockpiling.
Research suggests one in five people have a food, drinks and medicine hoard worth £380.
Civil servants in the Cabinet Office will run a new unit to tackle 'misleading' stories about no deal Brexit.