BRC: Uncertainty from Brexit extension costs retailers “hundreds of millions”

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BRC: Uncertainty from Brexit extension costs retailers
"Each repeating cycle of parliamentary impasse & extension is costing retailers hundreds of millions" - BRC CEO Helen Dickinson.
// The BRC has issued a response to yesterday’s Brexit extension announcement
// BRC CEO Helen Dickinson warned that retailers “cannot teeter on the edge of Brexit indefinitely”
// Dickinson says the continuing and prolonged uncertainty is taking its toll on retail businesses

The BRC has warned that the UK retail industry “cannot teeter on the edge of Brexit indefinitely” after the EU yesterday granted Westminster an extension to leave the bloc.

Responding to the announcement, BRC chief executive Helen Dickinson said each cycle of parliamentary impasse and the prolonged uncertainty that comes with each Brexit extension was taking toll on retail businesses, costing them “hudreds of millions”.

“For the third time, the UK has required an extension to avoid a chaotic no deal Brexit,” she said.


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“While we have been clear that a no deal Brexit would be disruptive for both consumers and retailers, each repeating cycle of parliamentary impasse and extension is costing retailers hundreds of millions that would be better spent improving customer experience and reducing prices.

“The UK cannot teeter on the edge of Brexit indefinitely. Brexit uncertainty continues to take its toll on retail businesses and the three millions retail jobs that exist today.

“This extension does not offer time for complacency and it is essential that Parliament commits to resolving Brexit once and for all.”

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