The uncertainty over a no-deal Brexit is making things difficult for the UK fashion business. From designers to models and garment-makers are keen to know the impact leaving the European Union will have on their industry.

Benefits from overseas trade deals outside the EU with countries like Australia, the US and Canada would take time to have effect. Exchange rates are causing difficulties because of how fashion companies work. It’s common for brands to forward sell. Essentially, they agree to sell clothes at a certain price a few months in advance. But it’s hard to know how to price things because of the changing value of the pound. The clothes showcased at a fashion week this month will be on sale to customers in February next year, so placing orders on those goods is a total gamble with fluctuating rates.

But Brexit could push more clothing factories to open in the UK. Leaving the EU could lead Britain to offer more competitive prices. There may be growth within garment manufacturing and more garment manufacturers may arise. However when it comes to the high street, costs could go up because of taxes on imports and exports. Imports involve delays and transport issues, logistics and tariffs. So prices can go up.