Last week, Fashion Roundtable attended the Trade Unlocked conference. This was a brand new national conference that took place on the 20th June 2023, bridging the gap between the worlds of business and politics. Trade Unlocked created a high-profile platform for businesses of all sizes and from all sectors to give views on what they need from the UK government to get their business and the economy growing. Click through to read more and watch the full panel talk featuring our CEO Tamara Cincik.
Helen Brocklebank, CEO, Walpole: “Prior to the pandemic, the British luxury sector was in rude health with a value of £48bn to the UK economy and strong annual growth of nearly 10%. Very much a British success story, the sector supported more than 160,000 jobs throughout the UK. However, international visitors to the UK are a crucial revenue driver, and the last 11 months has put severe pressure on their businesses. On top of the pandemic, the eleventh hour Brexit deal has compounded the sector's problems, making chances of swift recovery for British luxury recede compared to their European counterparts. With 42% of all British luxury export sales coming from the EU, the costs and administrative burdens of trading in continental Europe mean many of our members, not least the SME's, have concluded they simply can’t afford to continue selling to those countries.
Read MoreWith the UK due to officially leave the EU on March 29th 2019, we now have less than 6 months to not only fully understand how the EU works, but what it does for those on the inside and what effects not being at the decision making tables at the European Parliament in Brussels, Strasbourg and Luxembourg will mean for the UK. Did you even know that the EU meets in not one, not two but three cities across Western Europe, with meetings for the whole Parliament taking place in Brussels and Strasbourg and admin being done primarily in Luxembourg? Second only to India for the size of the electorate, the power and impact of the EU cannot be underestimated. Educational programmes such as Horizon 2020 and Erasmus and key to its value, with the former acting as the largest EU Research and Innovation (R&I) programme with over €80bn of funding over 7 years between 2014 – 2020. The sheer power of this as an economic driver for advances in science, medicine, tech and the creative industries cannot be underestimated, creating a genuine single market for knowledge, business opportunity as well as R & I.
28 countries across Europe, soon to be 27, with a shared agenda across finances, IP and sustainable initiatives, creates a powerful trading bloc which represents over 500m people.
Read MoreDr Cameron MP: “To ask the Secretary of State for the Home Department, if he will take steps as part of the negotiations for the UK leaving the EU to seek the creation of a visa system between the UK and EU countries to meet the needs of the creative sector.
A Answered by: Caroline Nokes Answered on: 09 July 2018
The Government is considering a range of options for the future immigration system. We will build a comprehensive picture of the needs and interests of all parts of the UK, including different sectors, businesses and communities, and look to develop a system that works for all.
We will make decisions on the future immigration system based on evidence and engagement. That is why we have asked the independent Migration Advisory Committee to advise on the economic and social impacts of the UK’s exit from the EU. When building the new system, various aspects including the creative sector will be taken into account, to ensure the future immigration system works for sectors.
We will set out proposals later this year.”
Yesterday the Commission published a new Brexit preparedness notice for those with professional qualifications. This is the latest in a serious of guidance notes preparing stakeholders for a no-deal scenario. It impacts skilled professionals who have obtained a official qualification and use this qualification when accessing jobs in the EU. Our EU expert, Eszter Kantor, comments on this development.
Read MoreDonald Tusk, President of the European Council said: "It will make it more complicated and costly than today for all of us. This is the essence of Brexit."
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