Washington Post (October 16)
2019/ 10/ 16 by jd in Global News
A no-deal Brexit has “been compared to “downshifting a car at full speed from fifth gear to first.” The U.K. could lose “continuity of trade relations with many of the 71 nations that have forged preferential trade agreements with the EU.” To date, the U.K. has secured continuity agreements with only about a dozen of these countries and it remains to be seen whether sufficient customs infrastructure will be in place. “Large U.K. businesses like engine-maker Rolls Royce Holdings Plc and brewer Heineken NV have outlined plans to hoard supplies in case a tumultuous Brexit chokes just-in-time supply chains and creates backlogs at ports.”
Tags: Brexit, Continuity, EU, Heineken, No-deal, Ports, Rolls Royce, Supply chains, Trade agreements, UK
