Premium Credit shines spotlight on stockpiling, cashflows, and insurance costs

If new research from premium finance firm Premium Credit is anything to go by, it looks like there’s been some sort of a domino effect when it comes to Brexit-related stockpiling, cashflows or income, and paying for insurance. A July poll conducted by Consumer Intelligence on behalf of Premium Credit found that while UK businesses and households stockpiled goods prior to the old Brexit deadline in March, not all of them have been able to sustain the initiative due to the financial impact. Premium Credit noted: “48% of people in work claim their employers stockpiled goods before the March 31 deadline for the UK to leave the EU, but since then half of these businesses have started to run down their stockpiled goods, and only 25% said they had maintained their stockpile levels. This is partly explained by the fact that 77% of them said their company cashflow had been negatively affected by their stockpiling – one in four (25%) said it had had a ‘very negative impact’.

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