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European buyers ‘cutting back on UK orders’

European businesses are planning back orders from UK suppliers because of the slow progress of Brexit talkssaid a survey by the Chartered Institute of Procurement and Supply (CIPS) published on 6 November. It found that 63% of non-UK EU firms expect to move some of their supply chains out of Britain, compared with 44% in May, blaming the lack of progress in the Brexit negotiations which has raised fears of an ... [+]