Retail giant warns of '˜challenges' in event of no-deal Brexit '“ National

A HIGH street retailer says there are '˜significant challenges' in preparing for a no-deal BrexitÂ

Tuesday, 25th September 2018, 7:34 am
Updated Tuesday, 25th September 2018, 8:43 am
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Next has warned that the challenges will be tough to overcome, but said the risks do not pose a '˜material threat to the ongoing operations and profitability of Next's business here in the UK or to our £190 million turnover business in the EU'.

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It said it was '˜well advanced' in its preparations to operate in the UK and EU without a free trade agreement in place by next March.

But it warned the biggest risk to the business was the likelihood of queues and delays at UK and EU ports.

A sharp fall in the value of the pound and increased tariffs also pose a threat, it added.