Huq – Primark warning shows how much damage Brexit is already doing - People's Vote

Huq – Primark warning shows how much damage Brexit is already doing

Leading fashion retailer Primark have warned that uncertainty over Brexit is making it hard to predict future profitability in a tougher market.

Commenting, Rupa Huq MP, leading supporter of the People’s Vote campaign, said:

“Primark’s warning about the instability Brexit is bringing to the economy is another signed of how much damage is being done now, even before we have left the European Union.

“The mess of Brexit, the uncertainty and the wild gyrations of the pound as City speculators bet on whether or not we face crashing out of the EU without a deal are all scaring away investment and weakening the economy.

“Whether people backed leave or remain, nobody voted for this mess. That is why the momentum behind the demand for a People’s Vote on the final Brexit deal is growing all the time.”

/ends