’Everyone is stockpiling’

BBC Radio 4’s Today Programme is in the North East, which according to the government’s Brexit assessment will be hard hit by the UK’s exit form the EU.

Alan Ferguson, boss of Northumberland-based haulier Fergusons Transport, tells the programme that he is not too worried about the concerns that carmaker Nissan may pull out of the region.

“You have to learn to react, we’re used to that,” he says.

His warehouses are benefitting from Brexit concern, though.

“Whilst Brexit is a worry, for [the warehousing] business it’s been pretty good… If you talk to anybody who has a warehouse in the country everybody is stockpiling because they don’t know what’s going to happen with customs controls,” he says.

He hopes for a deal, and thinks there will be one. He uses the example of Germany, which he says needs to sell its cars to the UK.

Source: BBC News