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British companies are hoarding in the run-up to Brexit | NOW

Many British companies are building extra large stocks as Brexit approaches. Various logistics entrepreneurs have noticed this, who have been receiving many extra orders in recent weeks. With the stocks, the companies want to avoid getting into trouble once the UK has left the EU.

The United Kingdom has officially not been in the European Union since 31 January. But at the moment there is still a transition period in which trade between the British and the EU Member States is not hindered. That period will expire at the end of this year, while no trade agreement has yet been concluded. A Brexit without an agreement is therefore still possible.

British companies are therefore now filling their storage spaces with extra stocks, in order to be assured of enough goods in the period after January 1. Logistics companies have recently noticed that they are extra busy. Customs officials also say they are inundated with questions from traders.

Prices for the transport of goods have risen sharply in recent weeks, with increases of up to 20 percent. It is expected that transport will only become more expensive in the coming weeks. There are also fewer and fewer trucks available to transport all cargo.

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