The government should focus on increasing productivity and investment in skills. The UK has a lower productivity level and growth than other countries such as Germany, France, and the US. A longer-term plan focused on investment in skills and innovation will amount to a more sustainable economic growth compared to short-term policy options such as the tax cuts proposed.
Read MoreThe fashion industry will also be influenced by the UK’s future industrial and international trade policies. The British Government is very keen to agree new trade agreements outside the EU; the nature of these could vary significantly for the fashion industry. For example, a trade agreement with the USA could be beneficial to trade in fashion services but currently looks unlikely due to the focus of US policy. Another possibility is that the UK agrees a comprehensive deal with India or China. This could benefit British designers who may gain access to cheaper textiles imports but could further hurt UK manufacturing due to the availability of cheaper labour and lower labour standards in these countries.
Read MoreFashion Roundtable is the brainchild of Tamara Cincik, who has brought together a panel team of experts from the fashion, academia, business, politics and economics sectors, to create a new and exciting opportunity for the work of fashion, consumer needs and policy makers, to be better integrated and supported. Her unique experience working in both the UK and international fashion industry for almost 20 years, as well as in Westminster as a Parliamentary Researcher gave her access and insight all areas, to frontline politics. She organised two parliamentary roundtables where the fashion industry could meet with politicians in the House of Commons, to discuss their business and Brexit concerns with policy makers.
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