Business

UK fashion leaders warn of ‘decimation’ from Brexit

Industry figures argue that new bureaucratic regime is endangering the future of the industry

Updated 5 years ago · Published on 02 Feb 2021 2:30PM

UK fashion leaders warn of ‘decimation’ from Brexit
Models present creations during a catwalk show at the London Fashion Week on September 16, 2019. An open letter to UK Prime Minister Boris Johnson says the fashion industry, which contributes £35 billion to the country’s GDP was ‘at real risk of decimation by the Brexit trade deal and current government policy’ – AFP pic, February 2, 2021

LONDON – Britain’s fashion industry is “at real risk of decimation” by the post-Brexit trade deal with the European Union and current government policy, a leading forum warned yesterday.

More than 400 industry figures signed an open letter from the Fashion Roundtable to Prime Minister Boris Johnson arguing there was a “gaping hole” in his deal where free movement of goods and services for creatives should have been.

They said the agreement, finalised on Christmas Eve just a week before the UK left the bloc’s single market and customs union, had failed to deliver on promises of frictionless future trade.

Their concerns echo those of other sectors, from music to fisheries, who argue the new bureaucratic regime is endangering the future of their industries.

“We have been disregarded in this deal and our concerns overlooked in current policy decisions,” their letter said.

“We call on the government to stand by their commitment to frictionless work travel for British creatives, including the fashion and textile industry and their equipment.”

The open letter, signed by models such as Twiggy and designers including Katharine Hamnett as well as bosses of fashion retailers, urged Johnson to take specific steps to address their concerns.

They include adding more reciprocal elements to the agreement in areas such as value-added tax, making it easier for garment workers to come to Britain and for the government to offer more industry-specific support.

“Ours is a thriving industry, based on global leadership, complex supply chains and above all a deeply interconnected relationship with our overseas colleagues,” it stated.

The letter added the sector contributes £35 billion (RM194.21 billion) to the UK’s gross domestic  product and employs almost one million people, but was “at real risk of decimation by the Brexit trade deal and current government policy”.

Britain formally left the EU a year ago but remained bound by its rules and regulations until 2021 under the terms of its divorce.

The free trade agreement struck by Johnson and Brussels after months of strained negotiations saw no tariffs or quotas imposed.

However, after the UK chose to leave the single market and customs union, it was unable to prevent reams of new red tape for British businesses trading with Europe. – AFP, February 2, 2021

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