Stockpiling is likely to take a chunk out of profits, leaving less cash for investment. File picUK factories are stockpiling at record levels as they brace for Brexit, a survey has revealed.
An influential economic indicator shows British manufacturers have been building up reserves at the fastest pace seen in any leading economy since the data started to be collated in the early 1990s. The IHS Markit/CIPS UK Manufacturing Purchasing Managers' Index , is a gauge of activity in industry. While the British factory output score was stronger than France and Germany's, IHS Markit said this mostly reflected stockpiling and a drive to cut work backlogs in case of a no-deal divorce from Brussels.
The PMI's stocks of purchases index rose in February to 59.1, the highest level on record for any G7 nation.Some 70% of factories cited Brexit as the reason behind the record-breaking drive to build up stocks of parts and materials, according to IHS Markit.
It's a tax fiddle ,,they claim back tax on the stuff they store , everyone is at it ....a right con
Says the remoaning Sky
Totally ridiculous, & complete waste of time.
JUST CANCEL THE FRAUDULENT DEBT LIKE ICELAND ALREADY HAS … … … … … … … … … … … … … …
Someone needs to tell Chancellor Philip Hammond to be similarly prepared on Britain's behalf but the Lugubrious One only has the common sense of a goldfish.
Listen to the man listen to the man.... listen to the mad man...
Stockpile what exactly? projectfear
Stop acting like we are being sanctioned or an embargo placed on us.