Originally posted by original PM
View Post
“If there is no deal, we won’t be here,” he said. Half of the company’s sales are in Europe and, if Britain crashes out of the EU and defaults to World Trade Organization rules, the business will be dead.
There would be tariffs of 16.9% on footwear, 12% on T-shirts and jackets, 14% on bicycles and almost 7% on leather motorbike jackets and neoprene wetsuits, killing his competitiveness against his German and Dutch rivals.
“Any friction, any tariff of any description and we are not going to be in business. We are not selling anything unique, we are toe to toe with German companies selling the same product. [If] we have delays of two weeks, we are out of business. This is a business that does not work if the UK is not in the single market,” Loughlin said.
He was invited to Westminster to give a talk in Portcullis House about the challenges Brexit was posing to businesses in the west country. “Not a single Tory MP showed up,” he said. Jacob Rees-Mogg, a prominent Brexiter, is the MP for North East Somerset, a neighbouring constituency.
There would be tariffs of 16.9% on footwear, 12% on T-shirts and jackets, 14% on bicycles and almost 7% on leather motorbike jackets and neoprene wetsuits, killing his competitiveness against his German and Dutch rivals.
“Any friction, any tariff of any description and we are not going to be in business. We are not selling anything unique, we are toe to toe with German companies selling the same product. [If] we have delays of two weeks, we are out of business. This is a business that does not work if the UK is not in the single market,” Loughlin said.
He was invited to Westminster to give a talk in Portcullis House about the challenges Brexit was posing to businesses in the west country. “Not a single Tory MP showed up,” he said. Jacob Rees-Mogg, a prominent Brexiter, is the MP for North East Somerset, a neighbouring constituency.
Comment