Britain’s biggest retailers have been ramping up their stockpiling efforts to record levels in the run-up to Brexit, according to the Confederation of British Industry.
The country’s leading business lobby group said retailers’ stock levels compared with the volume of expected sales had risen to the highest point in October since it began compiling retail sales estimates in 1983.
The CBI said the spike came as retailers built up their stocks before the Christmas shopping period and as fears lingered over a no-deal Brexit in advance of the EU granting an extension until 31 January.
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