and a prosperous year ahead
The initial frenzy being over, GBP having settled at around a little dismal but steady 1.3 USD, it's life as usual, with the occasional storms over the teacup, and trendings on twitter till mild hot.
For us, the initial skepticism over the future of our market across Europe seem to have subsided for the time being, and it seems that it'd stay like this for the entire window of leaving the EU formally and renegotiation of trade deals.
No hostilities, no trend of not ordering from UK seen so far, at all. business for us, as we tweeted earlier, is as usual with France, Germany and other EU countries.
Price quotation requests are flowing in as usual, or at times feels like a little better than earlier, but that's just a hunch, we haven't tried to compare data to validate this claim.
So a quick assumption could be that although Brexit is affecting the Banking and Professional Services industry, since being outside EU would prevent them from operating freely as consultants across Europe, the Manufacturing Industry would be more than happy to have the deals renegotiated.
Although the argument is that this Finance services industry accounts for a larger chunk (12%) of the GDP than the industrial sector, for the sake of more independence the City industry needs to strike a deal with the EU on their terms without affecting Brexit, and they have that skill and experience.
For us, the medium to small industries, brexit is a boon since brexit has made English businesses look inward, and we are seeing a sharp spike in orders from English businesses that would earlier look at East Europe for cheaper manufacturers of Branded Paper Cups, not even knowing that here in UK, manufacturing is cheaper than the rest of Europe and people from all over Europe buys from us, and still makes a profit after paying for shipping! What an irony! but brexit has made them aware of British Manufacturing and that is a boon indeed!
Reshoring of manufacturing is happening, what else can be better!
However, this article on Guardian is worth a read if you are interested in how UK industry will keep up with Brexit.
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