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In focus: Sector reacts to prospect of no-deal Brexit

Business
The prospect of a ‘no-deal’ Brexit is causing an unwanted distraction for UK politicians and domestic businesses alike. Joe Ayling reports on concerns within the optical sector

As Brexit negotiations continue to stutter there have been resulting cabinet resignations, currency fluctuations and even talk of stockpiling food and drugs.

Essentially, with UK proposals to the EU falling short of the mark and the Prime Minister maintaining ‘no-deal is better than a bad deal’, the possibility of higher tariffs under WTO rules has been growing by the day.

And while the Brexit conversation is a turn off for most patients, high street practitioners and their suppliers cannot escape some of the possible repercussions of a no-deal.

Moaz Nanjuwany, optometrist and CEO of Hammonds Eye Practice Group, told Optician such a reality was likely to result in higher prices for the end patient. At the moment, he sources products for his Tottenham-based independent practice from suppliers in Europe.

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