Further to Morrisons/Gibraltar .. from a friend "There is broader piece here about UK retailers supplying EU stores from UK warehouses, as many do at present. I know JD Sports is looking at ways to avoid potential of (eg) paying tariffs on trainers made in China on entry
to the UK, then again on entry into EU. Basically means building out distribution infrastructure in EU - Belgium seems a popular choice. And jobs there instead of jobs here. But hey, blue passports"
Their interim results statement: "We are very conscious that the UK's transition
period with the EU ends at the end of this year and, at this stage, there is a significant risk that the UK may exit that transition period with either no agreement or with perhaps just a very basic and limited free trade agreement. Given the current status of our supply chain
in Europe and the fact that 90% of our stock is purchased from international brands on a full landed cost basis, where we have no visibility of the original factory cost, there is some risk of duties being payable for goods which transit to / from countries in the EU. ....
We are currently looking at options to mitigate some of this in the short term whilst we establish a more permanent European supply chain infrastructure."
i.e. tatty bye more UK jobs...
(not as though none of this "Project Fear" was not always predicted reality "Project Here")
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