UK companies are drawing up stockpiling strategies for a no-deal Brexit on 31 October, anticipating the increase in demand that usually precedes Christmas. One of the country's largest beer companies intends to stock two to three times as much as it did in the run-up to 29 March, while clothing retailers will need extra warehouse space to store bulkier winter clothing and to offload previously stockpiled excess spring clothing. The UK's biggest food retailer Asda has already begun stocking emergency supplies such as tinned food, baby formula and milk powder, with plans to expand its stocks by another 10 per cent over Christmas Day. The Confederation of British Industry estimates that businesses collectively spent billions of pounds. British businesses have already spent billions in no-deal planning for 29 March.
UK companies are drawing up stockpiling strategies for a no-deal Brexit on 31 October, anticipating the increase in demand that usually precedes Christmas. One of the country's largest beer companies intends to stock two to three times as much as it did in the run-up to 29 March, while clothing retailers will need extra warehouse space to store bulkier winter clothing and to offload previously stockpiled excess spring clothing. The UK's biggest food retailer Asda has already begun stocking emergency supplies such as tinned food, baby formula and milk powder, with plans to expand its stocks by another 10 per cent over Christmas Day. British businesses have already spent billions in no-deal planning for 29 March.