Brexit: the fashion industry
The British fashion industry has never been shy to voice its opinions on political matters but rarely has it presented as united a stance against something as it has Brexit. Last week a British Fashion Council survey revealed that 90 per cent of British designers were against leaving the EU – a sentiment that translated onto catwalks. At the recent London Collections Men, designers such as Patrick Grant, Lou Dalton and Christopher Raeburn threaded pro-EU messages through their collections or donned “In” shirts to take their bows. Britain’s EU exit will rock the fortunes of British fashion labels big and small: the vast majority are small businesses unable to afford the likely restoration of customs tariffs while major houses such as Burberry, which manufactures most of its pieces in Italy, may well suffer from the plummeting pound-euro exchange rate.