10/19, 4:48 PM (Source: TeleTrader)
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Firms warn supply chains in UK will suffer until 2024

Business leaders in the United Kingdom warned legislators on Tuesday that the supply chain crisis would extend through 2023 and continue to increase inflation.

"Six months ago our businesses all thought this was transitory, now every business I know expects this to last into 2023 and 2024. Every single one," Food and Drink Federation CEO Ian Wright noted while speaking before the House of Commons Business, Energy and Industrial Strategy Committee.

According to the Financial Times, the latest rebound of issues related to the supply chains in the UK and worldwide could widely affect plans announced by Prime Minister Boris Johnson, who insisted his government would level up the British economy.

Breaking the News / ND