Tuesday, May 17, 2022

Christmas isn't cancelled despite choked port, Britain says – Reuters UK

Must Read

LONDON, Oct 13 (Reuters) – Britain said on Wednesday that people should buy normally for Christmas and there would be no shortage of gifts, after shipping containers carrying toys and electrical goods were diverted from the country's biggest port because it was full.
Maersk, the world’s largest container shipping company, has diverted some vessels from Felixstowe port in eastern England because a lack of truck drivers means there is nowhere left to stack containers.
"I'm confident that people will be able to get their toys for Christmas," Conservative Party co-Chairman Oliver Dowden told Sky. He said he was sure Christmas gifts would be delivered this year.
Dowden, a cabinet minister without portfolio, said the issues at the port were easing and the supply chain problems facing the world's fifth largest economy were global – such as a shortage of truckers and port congestion.
"The situation is improving," Dowden said, referring to Felixstowe, which handles 36% of the country's containerised freight. Asked whether people should start to buy now for Christmas, he said: "I would say just buy as you do normally."
He said Prime Minister Boris Johnson, who is on holiday abroad, was very much engaged with domestic and international issues. "He's very much engaged with the job."
Britain's economy is forecast to grow at 6.8% this year, the fastest in the G7 leading economies, though supply chain disruption and inflationary pressures are constraining the global economy, the International Monetary Fund said.
A view shows stacked shipping containers at the port of Felixstowe, Britain, October 13, 2021. REUTERS/Hannah McKay
Britain's economy returned to growth in August after contracting for the first time in six months in July.
But its exit from the European Union has exacerbated some of the problems by constricting immigration.
Britain is short of about 100,000 truckers, leading to queues for fuel at filling stations and worries about getting food into supermarkets, with a lack of butchers and warehouse workers also causing concern.
"Felixstowe is currently among one of the affected ports. The main factors in addition to pandemic impact behind this situation are high consumption demand and lack of truck drivers for land side distribution," Maersk said.
It was diverting some ships "to alternate continental ports" to regulate the flow of cargo and minimise the impact on supply chains and British consumers ahead of Christmas, it said.
A lack of labour is also affecting farmers.
Two sisters running a pig farm in northeast England urged Johnson to lift strict immigration rules for butchers or risk seeing the pork sector collapse under the weight of overly fattened animals.
"The pressure is like pressure we've never had before, emotionally it's absolutely draining, financially it's crippling," Vicky Scott told Reuters over the squeals of a couple of hundred pigs. "We're in a fairly bad place right now."
Our Standards: The Thomson Reuters Trust Principles.
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved



Please enter your comment!
Please enter your name here

Latest News

Ripper Store Login – How to Log in to Ripper Store

If you're looking to download or sell ripper files, you've probably noticed that the site requiresyou to login with...

More Articles Like This