Published Mon 01 Apr 2019 09:33:54 GMT + 0000 (UTC)
per Associated Press
LONDON (AP) – The latest in Britain's departure from the European Union (all local times):
More evidence has emerged that British manufacturers are building their cushions against the possibility of the country falling outside the European Union without an agreement.
Financial information firm IHS Markit has found that Brexit stock is giving a boost to production – at least temporarily.
According to the company, the sector's purchasing managers index rose to a 13-month high in March to 55.1, up three points from the previous month. Anything above 50 indicates an expansion at the output.
Stockpiling has become more and more prevalent in recent months as Britain's exit is approaching – originally scheduled for March 29 but delayed until at least April 12.
Given the uncertainty, companies have stored the raw materials and products they need from other EU countries.
Prime Minister Theresa May's chief of discipline said the government should have told people they would have to accept a more lenient way out of the European Union after it lost its majority in the 2017 general election.
Chief Julian Smith, whose job it is to ensure that Conservative lawmakers vote in government, makes the comments in a BBC documentary that will be broadcast on Monday.
Smith says May has called the election to strengthen his hand at Brexit's delivery, but was weakened when he lost the majority. He says that the government "should have been clearer about the consequences of this, parliamentary arithmetic, would mean that this would inevitably be a softer Brexit type."
The comments come after Parliament rejected the EU's withdrawal agreement in May for the third time on Friday.