Brexit: What No Deal Brexit Might Mean for the Hospitality Sector
Posted on Wednesday, February 6, 2019 by Amy Liston — No comments
The on goings of Brexit have had many of us sat in confusion for quite some time now, but we may have some more answers as time has went on and more decisions have been made; but it will all fall down to what move is made next.
The current subject is about a no deal Brexit, which means the UK would leave the European Union immediately on the 29th of March 2019 with no agreements set in stone about the future relationship we would have with the EU, which, from the 200+ signatures to rule out this particular outcome, it is clear that nobody in Parliament wants. Though, it will happen if there isn’t an agreement made in time.
So what are the impacts?
For the hospitality sector, we could see an increase of prices and some strain put on the small to medium sized suppliers and brands, especially on the food and beverage sector. It is said already that 42% of employers were unable to find enough workers for their seasonal and temporary roles.
The beef trade could collapse as we rely on EU imports. The general consensus is that a lot of retailers, chefs, hoteliers may see a struggle in the new months of the UK, if this no deal Brexit goes through. But is there any good news for the hospitality industry?
With a lot of people intending to move in the events of a no deal Brexit, many jobs will be lost, but with job losses comes job vacancies. This could be a peak opportunity to get into the hospitality sector or progress into higher roles. There’s also the chance that we would go back to seasonal fruit and vegetables as we would be doing more locally produced products, giving the opportunity to farmers to bring their industry back to life.