Historic English shoe-maker counts the costs of Brexit

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At a 192 year-old maker of English luxury shoes beloved by Prince Charles and Japanese fashionistas, relief at averting a no-deal Brexit quickly turned to dismay at the new price of doing business with the EU. BillReuters reports

NORTHAMPTON, England - At Tricker’s, a 192 year-old maker of English luxury shoes beloved by Prince Charles and Japanese fashionistas, relief at averting a no-deal Brexit quickly turned to dismay at the new price of doing business with the European Union.

“We’ve been through...world wars, financial crises, stock market crashes. Last year, the first lockdown was the first time we’d actually been closed,” Tricker’s Managing Director Martin Mason said on an empty shop-floor in the factory where normally 86 employees would produce 1,000 pairs of shoes a week.“Even during the world wars we were open, making boots for the army,” he said. “To deal with Brexit on top of what we’ve been experiencing with coronavirus has been certainly a double whammy.

That has led the firm to raise prices for EU customers and absorb the rest of the hit in its bottom line.Other British companies, who opted not to pay the VAT themselves, are now facing a wave of returned goods from disgruntled customers. British consumers are also balking at paying more than they expected for goods bought from EU vendors.

 

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