LETTER: It won't be easy to '˜go global'

Two months ago, the bike/car products retailer Halfords announced a fall of 16 per cent in its profits.
By The Newsroom
Published 28th Nov 2016, 17:00 BST
Updated 6th Dec 2016, 15:41 BST

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It placed the blame firmly on the collapse of the pound since the referendum, as it purchased most of its goods in Asia.

It warned that it would have to close some of its branches.

Three weeks ago, the company closed its shop in Queens Road.

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While jobs were being lost in this country, Mrs May travelled to India to try and arrange a trade deal. Prime Minister Modi made it clear that no trade negotiations would take place unless Indian citizens were given more visas to work and study in the UK.

This would have been unacceptable to the Brexiteers who voted to leave the EU to stop immigration: Mrs May had to refuse; she returned to London empty-handed.

It is customary for Number 10 Downing Street to issue a statement on the PM’s visits to other heads of state. On this occasion, Number 10 remained silent.

This last development proves that it will not be easy to ‘go global’, as Liam Fox puts it. It will be very difficult to find new markets to replace those lost in the EU, as individual states always look after their own interests: they will be only too glad to take advantage of a weakened and isolated country.

M M Graves

Ore Place

Hastings

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Related topics:HalfordsIndiaLondon