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There will be no economic dividend from a Brexit deal and here’s why

James Moore says it will take months for firms to recover from stockpiling for a no-deal exit

Sunday 06 October 2019 15:11 BST
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Brexit stockpiling: Firms now have an £11bn overhang that will have to be unwound even if there is a deal
Brexit stockpiling: Firms now have an £11bn overhang that will have to be unwound even if there is a deal

Who’s going to be the first to start talking about a Brexit “deal dividend” emerging from Boris Johnson’s dismal offer? It’s a bit academic given that the European parliament has already promised to veto it. But I doubt that will prevent Britain from engaging in the pointless process of talking to itself. So hands up at the back now!

Whoever it is will be indulging in a fantasy, as an interesting piece of research published today by the Centre for Economics and Business Research (CEBR) makes very clear.

The forecaster has looked at inventory, and how it’s been affected by Brexit and firms’ stockpiling to prepare for a no-deal crash out.

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