Brexit ‘not a big issue’ as British businesses confident they can ‘diversify’ away from EU

Brexit: UK 'will diversify away from EU' says expert

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Failte Group’s Wholesale worker Jim Cummiskey insisted that Brexit was not the reason for an increase in prices. While speaking to BBC Scotland’s  The Nine programme, he admitted he was confident Britain would “diversify” and remain competitive going forward without the European Union. He insisted that UK businesses would change and adapt what they buy and sell as they have done in the past.

Mr Cummiskey said: “To sum up the hospitality industry in one word, horrendous.

“This warehouse would normally be crammed for a Thursday with all the deliveries to go out Friday and over the weekend.”

Regarding Brexit, he said: “Brexit is not a major issue.

“This is because the UK will diversify, we always have and always will.

“We will store more Scottish products when it is in season and we will store more UK products when it is in season.

“There is a talk that because of Brexit it has put all the prices up but that is not the case, food and vegetables are weather-driven.”

International Trade Secretary Liz Truss has boasted that Britain is already chasing after 40 percent of the world’s GDP since breaking free of EU rules.

At the end of January, Ms Truss announced Britain has opened up an application to join the Trans-Pacific Partnership (CPTPP).

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This would amount to a huge £9 trillion free trade area.

While speaking on Sky News with Sophy Ridge, Ms Truss explained the bright prospects ahead for the UK and the financial growth businesses can expect.

She said: “If you add up the CPTPP and the US that 40 percent of global GDP, that is a huge market for us to go after.”

When pressed about a US trade deal, Ms Truss responded: “We are working on that as well Sophy, that is also in the pipeline.

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“Those markets are growing faster than EU markets.

“We need to think about where we want Britain to be in 2030, in 2050. I’m laying that groundwork for our future economic opportunities.”

Ms Truss has been praised for this move as it has been indicated a good relationship with the CPTPP could help broker a US deal as well.

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