Brexit: as half its sales are wiped out, silk firm joins exodus to Europe
Fashion company boss says only way for many firms to survive as costs soar is to open bases in France, costing vital UK jobs
“Feedback from our clients on the continent is that they will not accept the extra customs charges and duties, and will simply switch to our competitors who remain in the EU. Who can blame them? I would do the same.”
“Our only chance to retain EU business is to create a distribution centre in France,” he said. This, unfortunately, will have the effect of taking jobs and economic activity away from north-west England.
“There must be thousands of companies in exactly the same situation. If they all reduce their UK staff by one-third, the consequences to the UK economy will be massive,” he says.
Already the authorities in the Netherlands and Austria are luring
hundreds of UK companies into their territories and tax jurisdictions as UK exporters struggle. And now, so too are the French.
“To turn our backs on the world’s largest trading bloc, which is on our doorstep, in favour of trying to create trade deals with countries that couldn’t be further away, and have much smaller economies, is total stupidity and beyond comprehension,” he says.
“Covid has kept the Brexit issues out of the headlines, but to try and get a message across to our single- minded, short-sighted government, it needs to be in the headlines. I cannot think of one single positive benefit from Brexit, only negatives, and all my customers and contacts are of the same opinion.
“Britain used to be great but no longer,” he says, blaming Tory politicians at the top of government. “To adapt a phrase from our most famous leader, ‘Never in the field of British business has so much been destroyed for so many, by so few.’”
https://www.theguardian.com/busines...re-wiped-out-silk-firm-joins-exodus-to-europe