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UK manufacturers fear increased delays created by increased bureaucracy will create friction in supply chains, raising costs and hitting companies’ competitiveness compared with European counterparts.
In a survey, by PwC, of 228 members of the manufacturers’ association Make UK, two-thirds believed Brexit had affected their business. UK newspaper The Guardian reports: “More than half of firms warned they were likely to suffer further damage this year from customs delays due to import checks and changes to product labelling.”
Additional costs created by having to meet the requirements of two jurisdictions, delays at customs, and the consequences of a reduced labour pool through the reduction in migrant workers, were all mentioned as significant industry concerns.
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