The Weekly Briefing - 24 November

Our researcher Heather Lafferty presents a roundup of the week’s fashion and politics headlines— including a new report by the UK Fashion & Textile Association (UKFT) showing that a no-deal could cost the UK fashion and textile industry £870m per year.

The EU accounts for 76% of the industry’s £9.7bn exports— and in the event of a no-deal, exports to the EU will attract tariffs of between 4 and 12%. Fashion exporters are likely to be hardest hit. If European firms suddenly start having to pay more for UK fashion and textiles, the worry is they could quickly switch to suppliers in other countries.