Why a £28bn industry needs a soft Brexit without delay

Series Title
Series Details 22.02.18
Publication Date 22/02/2018
Content Type

The UK in a Changing Europe promotes rigorous, high-quality and independent research into the complex and ever changing relationship between the UK and the European Union (EU).

It provides an authoritative, non-partisan and impartial reference point for those looking for information, insights and analysis about UK-EU relations that stands aside from the politics surrounding the debate.

The Initiative’s work is tailored to be easily accessible to policy makers, businesses, journalists, civil society organisations, educational institutions and the general public who are interested in the UK’s relationship with the EU.

It is funded by the Economic and Social Research Council (ESRC), and based at King’s College London.Fashion makes over £28bn a year for the United Kingdom economy, and the growth figures were good: the Department for Culture Media and Sport said the industry had the greatest growth in employment between 2011 and 2016 at 57.4%, while the ‘design and designer fashion industry’ in particular has outpaced the rest of the creative industries in service exports and employment, as shown in the government statistics released in July 2017.

However, for an industry founded on global talent and international supply chains, the prospect of a Hard Brexit was nothing short of devastating. Europe was the largest fashion trading partner and from almost every single angle it was in the UK's interests as a sector for it to remain that way.

Source Link http://ukandeu.ac.uk/why-a-28bn-industry-needs-a-soft-brexit-without-delay/
Related Links
ESO: In Focus: Brexit - The United Kingdom and the European Union http://www.europeansources.info/record/brexit-the-united-kingdom-and-the-european-union/
Fashion Roundtable https://www.fashionroundtable.co.uk/

Subject Categories
Countries / Regions
Record URL https://www.europeansources.info/record/?p=509405