What Will It Take For The BFC’s Rallying Cries On A No-Deal Brexit To Be Heard?

Style Statement

As British Members of Parliament reconvene in Westminster on 3 September, the British Fashion Council has laid out the consequences of a no-deal Brexit for the industry, and emphasised again that it should be avoided at all costs.

“The reality that a no deal could still happen, continues to have a negative impact on our industry,” said the BFC, before referring to the UK Fashion & Textile Association’s 2018 figures. “It is estimated that switching to World Trade Organisation (WTO) rules would cost the fashion industry between £850- and £900million.” Although this is less than Walpole’s assertion that up to a fifth of British luxury exports equating to a value of £6.8 billion would be at risk if Britain left the EU without a deal, it is an insurmountable loss