Fears Of A No Deal Brexit Sparks Panic Buying Across The UK

 

 

Panic buying across the UK is being seen as the prospect of a No Deal Brexit looms ahead. As per a report in The Sunday Times ministers told supermarkets to begin stockpiling food and other essentials as talks have been on but there have been no breakthroughs as yet. This announcement led to a spurt of panic last seen in the initial lockdown period of the pandemic.

 

This time around beers and baguettes joined toilet rolls, as customers piled all these items as well as cereals on overflowing trollies after standing in long queues especially at Costco.

 

“There was a conversation a week ago when ministers said prepare for no-deal,” a consultant said. “This week the message is that’s its no-deal. Supermarkets and ministers are hugely worried about panic buying.”

 

“They saw what happened over Covid when people began hoarding toilet rolls and know how quickly it can go wrong.”

 

“That will be nothing compared to what will happen. Meat supplies will be fine and fruit comes from South America but there are likely to be shortages of vegetables for three months.”

 

There are ongoing talks between the EU and UK amid all this. Meanwhile lorries queue on the roads of Calais as well as on both sides of the Channel and the A20 in Kent was backed up to three miles in Kent.

 

A no-deal Brexit will create a lot of problems on trade as well as security issues especially for the UK.

 

Source TheSun


Follow us on Google news for more updates and News










PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.