The retail consultancy Verdict believes further tech price rises will follow. “These will come sooner rather than later for those who have not hedged currency far in advance or for whom there is little flexibility in operational costs to mitigate currency fluctuations,” said Andrew Hall. “Retailers cannot be fully expected to absorb the costs incurred by currency volatility in the wake of Brexit. “As such, price rises are likely to impact a number of products. “For some markets, such as clothing and footwear, this will see a return to inflation after a period of deflation.”
- Hilton and Korski agreed that the best path forward would be an open Brexit, but Prime Minister Theresa May’s administration does not seem to be headed in that direction.
- There are people who are deeply uncomfortable with the progress of change,” Korski said. “The Leave side unleashed some terrible demons in our society.”
- And although Korski agreed that the U.K. will likely close itself off from important trade deals and not access the global economy, he and Hilton differed drastically about the motivations that drove Brexit voters to leave
“Hilton cited economic factors, saying that the tech industry is in part responsible for disrupting traditional employment and leaving many people behind.”
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