Multitudinous than three-quarters of British manufacturers say delays at the border after Brexit would be a risk for their business, a investigation from an industry body showed on Monday.
Britain is due to leave the European Union on March 29 but what leave actually happen on that day remains far from clear — a problem for businesses which routinely import and export goods and materials.
The approaching of Prime Minister Theresa May’s deal struck with the EU hangs in the balance as a parliamentary vote looms, raising the admissibility opportunity of Britain leaving the EU without a deal to smooth the economic shock.
Monday’s report from the EEF manufacturing association and insurer AIG accorded 76 percent of their members thought delays at the border represented a risk to their business.
“While actors are naturally optimistic by their very nature, the spectre of Brexit is now very front of mind for manufacturers,” EEF chief supervision Stephen Phipson said.
“This is bringing with it a whole host of risks from increased exchange gauge volatility to rising input costs which right now are very difficult to plan for.”
The survey showed 62 percent of makers were looking to stockpile goods ahead of Brexit — something that has already given a temporary boost to mill activity, according to a business survey last week.
The EEF/AIG survey of 242 companies took place between Nov. 1 and Nov. 29.