U.K. Firms Get Ready for a No-Deal Brexit With Time Running Out

However much Prime Minister Boris Johnson says he will be able to arrange a trade deal with the European Union by the year-end, firms in Britain are already bracing themselves for the possibility he won’t, Bloomberg News reported. Renold Plc, a Manchester-based maker of vehicle chains and gearboxes, is among them. It’s planning to fast-track deliveries to customers in the coming months to ensure they aren’t caught up in any potential border disruption due to Brexit in January, according to Chief Executive Officer Robert Purcell. “We’re going to assume it’s going to be difficult,” Purcell said in a phone interview. “You can never count on the way you think it’s going to go.” Johnson is still optimistic that a deal will be done with the EU, despite months of stumbling trade talks. Read more