Retail giant warns of ‘challenges’ in event of no-deal Brexit – National

How do you think the high street will be affected?
How do you think the high street will be affected?

A HIGH street retailer says there are ‘significant challenges’ in preparing for a no-deal Brexit 

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’.

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.