The company’s md, David Scott, on how exporters currently have an advantage.
The Brexit process has been triggered and negotiations for the UK to leave the EU are underway. But what, if any, difference has it made to the licensing industry?
Is UK manufacturing actually benefiting from the current situation and is there such a thing as a ‘Brexit bounce’?
All this week, The Source will be asking a selection of industry executives – from licensees and brand owners, through to agents and support companies – for their views.
Today: David Scott, md, Rainbow Productions
“We haven’t seen any significant changes – in the short-term we’re still trading with our European clients under the same rules and, if anything, the drop in the value of the pound against the Euro has effectively reduced our prices to them. Within the UK market I sense from talking with other licensors and licensees that economic confidence is slipping a bit as D-Day looms ever nearer.
“The pound will probably stay at its lower rate to the Euro so there will continue to be that advantage for exporters, which may outweigh the effect of any tariffs imposed. But if we have to return to the bad old days of needing numerous specialist shipping documents (EUR 1s etc.) to send goods across the Channel to the continent, then I fear for our business prospects and our sanity.”
This feature originally appeared in the autumn 2017 edition of Licensing Source Book. Click here to read the full publication.
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