U.K. Firms Get Ready for a No-Deal Brexit With Time Running Out
- Companies stockpiling, bringing forward EU orders to prepare
- Even if trade talks make progress, firms prepare for worst
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However much Prime Minister Boris Johnson says he will be able to arrange a trade deal with the European Union by the year-end, firms in Britain are already bracing themselves for the possibility he won’t.
Renold Plc, a Manchester-based maker of vehicle chains and gearboxes, is among them. It’s planning to fast-track deliveries to customers in the coming months to ensure they aren’t caught up in any potential border disruption due to Brexit in January, according to Chief Executive Officer Robert Purcell.