ES: Welcome to post-Brexit Britain where UK firms still come last
Evening Standard reports: At last, Brexit appears to be ironed out, and we can move on. ...
Ten percent of UK firms could go bankrupt if delays at ports are consistently up to 30 minutes, according to the Chartered Institute of Procurement and Supply (CIPS) . In the event of a ‘no deal’ Brexit, massive queues are likely at ports as companies face a mountain of paperwork and checks. A CIPS survey of 1,300 supply chain managers found that one in ten could risk bankruptcy after delays to their goods, while costs to the economy could reach £1bn a year. And university researchers have concluded that an extra two minutes of checks at Dover could lead to 29-mile traffic queues in Kent. The CIPS is calling for a two-year transition period “to get something sorted out”.
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