It’s now been over two months since Britain voted to leave the EU. The CHA-UK has been working closely with its members to discuss what issues they may be worried about, or how they think they me be affected.
Its going to be a while yet before the dust settles around Brexit and we cannot hide from the fact that there is going to be a lot of uncertainty in that time. The Government is in the process of negotiating the exit strategy with the European Union which is envisaged to take around two years.
We’re working with government sectors around the key areas which we know could affect our members’ businesses. We know that a lot of members trade with overseas suppliers. As we mentioned earlier, It’s going to be two years at least until we hear what tariffs will be imposed by the UK on imports, if any. We are also looking at how Tax and VAT could be affected – UK tax was never governed by the EU Market but HMRC has advised that Brexit could have an effect on VAT. And of course there is Trade. There’s no reason at all that small firms can’t still trade with Europe. Just like here in the UK, the facts are at a minimum and will be for some time, and the trade deal remains the same for now. Recent research shows that the craft and hobby industry is worth about £3.4 billion to the economy and is increasing year on year (3.2% in 2015). Our aim is to carry on growing the craft industry in the UK and help members achieve and maintain success. The CHA trade association is unique to the needs of the UK craft market, governed by the leaders of this industry and we know that by working together, discussing issues and planning ahead, we’ll be in a strong position for the future.
Post by Grey Sergeant