"Today's figures highlight an apparent working through of the effects of stockpiling prior to the original Brexit deadline of 29 March in the first quarter of the year, which appears to have led to a surge in imports in Q1 and therefore an exaggerated drop in the same in Q2 as various businesses worked through the excess stock they had accumulated. Of course it remains to be seen if a similar pattern will now follow in the third quarter as we lead up to the next big deadline of 31 October. Clearly, Brexit preparations for a potential "no deal" outcome on 31 October are being stepped up everywhere so expect very considerable disruption in the months to come and let's hope the economy is in a sufficiently strong condition to withstand what is likely to be great turbulence."
For more information, please contact:
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DWF is a global legal business providing complex, managed and connected services, operating from 27 key locations with approximately 3,200 people. The Company became the first Main Market Premium Listed legal business on the London Stock Exchange in March 2019. DWF recorded revenue of £272.4 million in the year ended 30 April 2019. For more information visit: dwfgroup.com