Britain reveals the “Inflation Crisis” and expects companies’ bankruptcy as Yemen expands its blockade

Britain admitted on Monday the serious repercussions on its economy due to the escalation in Yemen. This comes after nearly four months of joint aggression in an attempt to break the Yemeni blockade on Israel.

Exclusive – Al-Khabar Al-Yemeni:

The British Chamber of Commerce (BCC) published a new survey regarding the economic developments in light of the Yemeni operations in the Red Sea.

The study revealed that over 53% of manufacturers and retailers in Britain have been significantly affected due to the Red Sea crisis, confirming a 300% increase in container rental prices and the delay in delivery times.

The Chamber pointed out that the level of inflation in Britain has risen three times, which has increased the burden on consumers.

The study predicted the bankruptcy of retailers if the crisis continues, noting that some companies have started adjusting their supply chains by obtaining products from Morocco and Turkey.

Previously, British ships smoothly sailed through the Red Sea, even during the peak of the Yemeni blockade on Israeli occupation. However, since declaring their participation in the American aggression against Yemen, their ships have become targets for Yemeni forces, with many of them being sunk and set on fire in various operations in the Gulf of Aden and the Red Sea.