Featured World News

One in five Britons stockpiling goods amid no-deal Brexit fears

The British people on Monday hoarded goods worth 4 billion pounds (or about 4.8 billion dollars) amid fears of a no-Brexit deal.

A financial services provider, Premium Credit, said almost one in five respondents to a survey of 1,052 people have begun to increase their stockpiles of food, drinks as well as medicines.

According to the survey, 74 per cent of respondents said they stockpiled food, 50 per cent said they stored pharmaceutical products, while 46 per cent said they stockpiled drinks.

However, many experts had already predicted that a British EU exit without a comprehensive deal could result in temporary supply bottlenecks, mainly caused by long waiting times for trucks at customs controls.

Meanwhile, the Prime Minister, Boris Johnson, said he wanted to lead Britain out of the EU on Oct. 31, with or without a deal.

Johnson demanded that Brussels abandon elements of the existing withdrawal deal agreed by his predecessor, Theresa May, but the EU had since rejected it.

Many companies also fear supply bottlenecks. British pizza chain Domino’s announced that it would increase its inventories, adding that about a third of its ingredients were sourced from abroad, including tomato sauce and toppings like pineapple.

Related posts

Nigeria, Egypt to collaborate on power supply – Minister

Shile GIWA

Lagos/Ibadan standard gauge railway: passengers applaud FG

Meletus EZE

NNPC signs MoU with Russian oil company, Lukeoil MoU – Presidency

By Abisola THOMPSON

DPR seals 14 illegal LPG plants in Abuja

By Shile GIWA

NLNG awards FEED contracts for Train 7

Editor

We’ll Expand Frontiers of Engagement with NASS for Quick Passage of Oil Industry-Related Bills – Mele Kyari

By Abisola THOMPSON