Dec 16, 2020

Hornby halts non-UK orders amid Brexit uncertainty

Model railway maker Hornby says it's pausing all international orders until January next year, because of uncertainty around Brexit. Hornby chief executive Lyndon Davies said: "Within Europe people are already asking us: 'If I buy something, are those tariffs already included in your pricing?' Because we don't know what's going to happen, it's just a very difficult position." The Hornby boss said the political leaders engaging in trade negotiations "Aren't living in the real world". Many UK companies have spent the last few months stockpiling goods and materials imported from abroad to mitigate against possible disruption to trade and supply chains at the end of the year. Mr Davies said he began "Over-shipping" Hornby products months ago.

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