“The changes for our organisation might put us out of business.”

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Do you believe Brexit will increase your net costs? How do you intend to deal with any increases?

Here is a selection of comments from the local business people who completed the Liberal Democrats’ West Berkshire Business Brexit Survey. Businesses are not named, as many prefer to to keep their worries anonymous:

Do you believe Brexit will increase your net costs? How do you intend to deal with any increases?

  • The business will be no longer operational.
  • This year we have an exceptional loss and from May 2017 the changes for our organisation might put us out of business.
  • Already with low pound we can not compete with foreign buyers for horses at sales.
  • It will increase net costs. We will decrease our workforce, and ultimately relocate to mainland Europe.
  • The weakening of the pound already is. We will have to increase prices.
  • Big increases. We have taken an impact on our marking for 2 to 3 months but January will see a 10-15% price increase on imported goods.
  • Adjust my pricing upwards to match incurred inflation.
  • Will pass on to tenants.
  • Our costs from international suppliers have gone up due to the fall in the £. These costs will be passed onto clients.
  • Yes. And regrettably we will need to pass them on to our clients.
  • Big increases. We have taken an impact on our marking for 2 to 3 months but January will see a 10-15% price increase on imported goods.
  • We use almost half of the periodic table in our products. These raw materials have to be imported, so our costs will rise. We compete with US contractors, so we either cut our margins, to absorb the FX hit or lose market share (pushing up unit costs).
  • Yes a little. No problem because the value of sales will go up with the weak pound.
  • I don’t know. Part of the problem is the uncertainty, and the impossibility of planning.
  • I can’t pass them so so will absorb them myself and it will reduce my disposable income.
  • May be in short term, but without eu interference, fraud and fat-cat beaurocrats plus the likelyhood of other countries leaving the eu we should return to ‘normal’ within a year or so.

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