BRITISH FASHION INDUSTRY ROLLING WITH THE PUNCHES AS THE IMPACT OF BREXIT IS FELT RIGHT AWAY
July 1st, 2016
One month after the UK’s Brexit referendum vote to leave the European Union (EU) on June 23, the British clothing industry has been weighing up the immediate impact and trying to assess what might happen in advance of any longer-term trade solution.
The uncertainty caused by the vote, together with a sharp drop in sterling against both the Euro and the dollar and Britain’s new credit-rating of AA negative instead of AAA have already had a real impact.
Emma Wilson, director of UK-based Smartway Consulting, a product development and sourcing consultancy that ...
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