For businesses, Brexit is happening already



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LONDON (AP) — Mylands paint, founded 135 years ago, has survived two World Wars, the Great Depression and the end of the British Empire by adapting its products and practices.

So when it was faced with the economic upheaval threatened by Britain's departure from the European Union, CEO Dominic Myland wasn't going to wait for politicians to resolve the impasse.

The company, which made the blackout paint that obscured London bridges during World War II and supplies film and TV productions such as "Game of Thrones," has increased stocks of raw materials and moved extra product to Germany.

As politicians squabble over how and when Britain will leave the EU, Brexit is already reshaping the economy. Businesses are shifting investments, creating new supply chains and stockpiling goods to mitigate any damage that would occur from leaving the EU.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Danica Kirka

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