LONDON (Reuters) - Morrisons MRW.L, Britain's fourth largest supermarket group, said on Thursday it anticipated delays at borders in the event of the UK failing to reach a trade agreement with the European Union.
“We recognise there will be some delays at borders and we continue to look at alternatives to (the) Dover-Calais (route),” CEO David Potts told reporters after Morrisons reported first half results.
“Our strong preference, because tariffs turn into inflation, is to have a no tariff deal,” he said.
But Potts pointed out that two thirds of what Morrisons sells is British - “so we think we’ll in a good position.”
Reporting by James Davey; editing by Sarah Young
Our Standards: The Thomson Reuters Trust Principles.