Once Bitten, Twice Shy for U.K. Firms Hit by Brexit Delay

Once Bitten, Twice Shy for U.K. Firms Hit by Brexit Delay

(Bloomberg) --

U.K. companies brought forward orders ahead of the now-postponed Oct. 31 Brexit deadline, giving a boost to manufacturers and spurring demand for imports. However, stockpiling was more limited than in the run-up to the original EU departure date. Firms that wasted money preparing for a no-deal Brexit in March appeared to take a more cautious approach the second time around.

©2019 Bloomberg L.P.

Watch LIVE TV , Get Stock Market Updates, Top Business , IPO and Latest News on NDTV Profit.
GET REGULAR UPDATES