So how can we prepare for a Brexit wardrobe?
Hopefully our preparation will be more thorough (ha!) than Boris Johnsons, who appeared to be totally stunned by the catastrophe he created. Our Great British Pound has taken a beating, so anything bought in US dollars will have to be reviewed ok? Pretty much everything we buy will be affected. Oil will go up in price and so will transport costs, raw material, ‘foreigh’ fashion & food.
Assuming we still have jobs to go to…
Somewhat of a whammy may follow. Once, (and IF,) Britain comes out of the single market. (In order to stay in the single market, Britain has to accept the ‘four freedoms‘. Freedom of currency, freedom of services, freedom of goods and freedom of people. ‘Freedom of movement of people’ is what some refer to as “immigration”. Britain will also have to pay for the privilege.) So if Britain does leave the single market: All those adorable French and European clothes will become significantly more expensive depending on the tariffs introduced. So will cosmetics – good bye beloved, myterry and french pharmacy brands. I was discussing this with someone at work, who said she’d “wished I’d told her before”. So do I, people so do I….
If you had dreams of a CHANEL bag, or a CELINE coat, these may need to be reviewed – and I certainly won’t be buying CARVEN or even majestic filatures, at those prices. Tears all round. Actually costs for all clothes, in any price range, will go up- so no winners there.
Hopefully Scotland will not leave and we can still buy our delightful Brora cashmere, (only somewhat more expensive remember cashmere is raw material and paid in $).
The weak pound will help our exports I am told. Here is the thing though. Brits design well, but most manufacturing is not done in the UK. We have very few factories, and those we do have, are mostly kept going by ‘those immigrants who come here to take our jobs’. So unless you have shares in Rolls Royce, not so good.
Next Post: My top fashion tips on surviving the BREXIT. Just like our Boris, I haven’t quite written the policy yet, any suggestions welcome!
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