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Brexit: Manufacturers stockpiling at record pace

UK manufacturers prepared for Brexit by stockpiling raw materials at a record pace last month, a closely-watched survey has suggested.

The research, by IHS Markit/CIPS found companies were stockpiling goods in January at the fastest pace in the survey's 27-year history.

Employment in the sector fell, and the survey warned that export orders were "near-stagnant".

It added that there was a risk of the sector slipping into recession.

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BBC News

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