UK exporters and manufacturers face 55% disruption due to Houthi attacks on Red Sea shipping, leading to increased costs and delays.

UK exporters and manufacturers report 55% disruption due to Houthi attacks on shipping in the Red Sea. The attacks have led to increased shipping costs and delays of up to four weeks, potentially impacting UK's economy. British Chambers of Commerce (BCC) warns that the longer the situation continues, the more likely it is that cost pressures will build. Exporters, retailers, wholesalers, and manufacturers are more affected by the disruptions.

February 25, 2024
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