UK warehouse space nears capacity as firms stockpile for Brexit

[AtW]

Three-quarters of UK warehouse owners say their space is full to capacity and storage costs have soared by up to 25% in the past three months after a surge in Brexit-related inquiries.

The UK Warehousing Association (UKWA), whose 750 members have more than 9.3m sq metres (100m sq ft) of space nationwide, said there was a shortage of space close to major cities for stockpiling goods in case of holdups at ports after a no-deal exit from the EU.

A survey of UKWA members from across the country last month found 85% had received Brexit-related inquiries. About 75% were unable to take on more business from new customers.

UK warehouse space nears capacity as firms stockpile for Brexit | Politics | The Guardian

[shaunbhoy]

Three-quarters of UK warehouse owners say their space is full to capacity and storage costs have soared by up to 25% in the past three months after a surge in Brexit-related inquiries.

The UK Warehousing Association (UKWA), whose 750 members have more than 9.3m sq metres (100m sq ft) of space nationwide, said there was a shortage of space close to major cities for stockpiling goods in case of holdups at ports after a no-deal exit from the EU.

A survey of UKWA members from across the country last month found 85% had received Brexit-related inquiries. About 75% were unable to take on more business from new customers.

Excellent news. Any figures on how many more jobs this uptake has resulted in, and the consequent surge in Tax take?

Boomed I tell ya!!

[Zigenare]

Three-quarters of UK warehouse owners say their space is full to capacity and storage costs have soared by up to 25% in the past three months after a surge in Brexit-related inquiries.

The UK Warehousing Association (UKWA), whose 750 members have more than 9.3m sq metres (100m sq ft) of space nationwide, said there was a shortage of space close to major cities for stockpiling goods in case of holdups at ports after a no-deal exit from the EU.

A survey of UKWA members from across the country last month found 85% had received Brexit-related inquiries. About 75% were unable to take on more business from new customers.

UK warehouse space nears capacity as firms stockpile for Brexit | Politics | The Guardian

Serves the bastards right, using our motorways as cheap warehousing was never going to work. JiT my arse!

[stonehenge]

Our spare bedroom is filling up too.

As the missus says, we can't do anything about brexit but we can try to protect the family if things turn ugly.

[DimPrawn]

Hmmm, might have a punt on this

Safestore Holdings (SAFE) Ord GBP0.01 Share Price | SAFE

Nice yield too.

[AtW]

Warehouse jobs don’t generate much in income tax, ze City jobs do, plus - more importantly - unnecesary warehousing instead of Just In Time is just an extra tax passed to consumers and businesses, it will make some sectors unviable

[Old Greg]

Warehouse jobs don’t generate much in income tax, ze City jobs do, plus - more importantly - unnecesary warehousing instead of Just In Time is just an extra tax passed to consumers and businesses, it will make some sectors unviable

Patrick Minford has already written off manufacturing.

[AtW]

Patrick Minford has already written off manufacturing.

It was written off under Thatcher or earlier

[Zigenare]

Patrick Minford has already written off manufacturing.

Is that the same Patrick Minford(Economics Professor) who says that in the case of a hard brexit, the EU will be £500bn worse off and the UK will be £640bn better off?

[Old Greg]

Is that the same Patrick Minford(Economics Professor) who says that in the case of a hard brexit, the EU will be £500bn worse off and the UK will be £640bn better off?

The very same.