Less than a thousand hours, and then the United Kingdom is no longer a member of the European Union. In the run-up to Brexit, it becomes increasingly clear what the consequences are when Brussels and London separate from each other without neat agreements.
For example, a Porsche can become 10% more expensive if it arrives in Great Britain after March 29 and there is ‘No Deal Brexit’. Even if that Porsche has been ordered before, and often even if a down payment has already been made, parent company Volkswagen warns. The British islands are one of the most important markets for Porsche, but the company does not have its own factory.
Meanwhile, British companies have been hoarding. The cold stores of many supermarkets and their suppliers are full, reports Bloomberg. Soft drink manufacturer Coca-Cola European Partners does the same. Aircraft manufacturer Airbus and aircraft engine builder Rolls-Royce also leave nothing to chance.
Car manufacturers, in turn, do everything to prevent them having to trade in a ‘no deal’ via Dover – where in the worst scenario a congestion is expected.
Meanwhile, the pound only sinks deeper and deeper. A currency trader sees “no reason for optimism” about the currency.
At best, the Brexit is postponed, but now the British only seem closer to a Brexit without agreeing.