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OPINION: What are your thoughts on Brexit and what impact might it have on your business?

After two MPs express the impact of the British exit from the UK for businesses, three retailers share their views on potential higher prices.

Chuka Umunna and Vince Cable have claimed that a British exit from the EU could force prices up. Have you considered how you’d vote, and do potential higher prices worry you?

“If prices went up as a result of leaving the EU, then surely everybody would be in the same boat anyway. At the same time, I don’t necessarily want prices to go up either. I’m still undecided; as the referendum gets closer, I’ll be doing a lot more reading up on it, but it’s quite difficult – neither side is doing a particularly good job of persuading people.”

Sandeep Bains, Simply Fresh, Faversham, Kent

“You need to look at it as a business thing. If prices go up at least it’s across the board. There are two main issues: immigration and trade. It’s trade that we need to look at. In some ways, trade agreements are like having a Tesco Clubcard – you’re scared to go into other stores, but as a customer you can go where you want. We’re all customers and people will sell to you at the right price.”

Spike Millican, S&A Superstores, Uttoxeter, Staffs

“I’ve never been keen on the European union from day one. We need a common trade agreement, but as a nation I think we can negotiate that with our commonwealth partners with preferential terms to those that are currently in place. Yes, prices may go up and there will be a period of uncertainty, but in the longer term we’d be a more prosperous nation.”

Amit Patel, Belvedere News Food & Wine, Kent

Do you have an issue to discuss with other retailers? Call 020 7689 3353 or email louise.banham@newtrade.co.uk

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