Fri, Dec 08, 2017 - Page 10 News List

Companies prepare for disorderly Brexit

Reuters, LONDON

Japanese carmaker Honda Motor Co, which builds about 8 percent of British cars at its plant in Swindon, is considering increasing its warehouse capacity in Britain and stock levels to counter any new border delays.

Having a transition deal would allow businesses to survive the two years after Brexit by allowing them to defer any big decisions until the final parameters of Brexit are worked out, said Andrew Bonfield, finance director of National Grid UK and chairman of the 100 Group, an association of finance chiefs.

“It’s about the avoidance of a cliff edge,” he said.

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