As MPs prepare for crucial Brexit votes, a report warns that UK businesses will pay a high price for further indecision.
There have been trials conducted by the authorities to handle the potential for border delays after BrexitUK firms are being warned EU firms plan to make them foot the bill if Brexit results in delayed orders.
The study of supply chain managers was released as the Brexit process enters another critical week in parliament - with MPs due to vote tomorrow on Theresa May's deal with Brussels. If that was to hit the rocks again there would then, on Wednesday, be a vote on whether to leave without a deal - followed by a vote to delay the process beyond the 29 March deadline should MPs reject a no-deal scenario.
The findings of the Chartered Institute of Procurement and Supply survey suggested a high level of uncertainty among UK firms, as they showed a stronger level of preparation for border complications among EU businesses compared to their UK counterparts.It showed many UK exporters could expect to be punished for late completion of orders.
Among the findings was that for a delay of just 24 hours, 20% of EU businesses would push their UK suppliers for a discount while 11% of exporters would expect to have their contract cancelled outright.
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