Ikea may move production to the UK to dodge Brexit costs


More of Ikea’s goods may soon be made in the UK. The Swedish furniture maker is considering sourcing more products in the UK, a reaction to a weakening pound and the potential for new tariffs on trade between the European Union and the UK, Sarah Butler reports for The Guardian. Currently, the company makes about 60% of its products in the EU; it believes that shifting production could double market share in the UK, the company’s UK leader explains. Ikea has another reason to keep prices low: It anticipates that inflation soon will weaken customers’ spending power.

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