UK Retailers and Exporters Grapple with Houthi-Induced Red Sea Disruption

Over half of UK businesses in retail and export sectors report significant impacts from Houthi attacks on Red Sea shipping routes, including increased costs and delivery delays.

More than half of UK retailers and exporters face disruptions due to Houthi rebel attacks on Red Sea trade routes, leading to increased shipping costs and extended delivery times.
The British Chambers of Commerce highlights a 300% increase in shipping container costs for some businesses and delays of up to four weeks.
US and UK military responses aim to protect international shipping, but the disruption continues with no end in sight.
The ongoing situation threatens to exacerbate supply chain issues, with potential impacts on UK inflation and global demand.
Government urged to provide support for affected exporters in the upcoming budget, amid concerns over profitability and economic impact.