What does Brexit mean for creative industries?
Lately, it seems you can’t go a day without politics flooding your news feed. A place once filled with memes and funny cat videos, is now where every Tom, Dick and Harry sees them self as a political expert by sharing their views for the whole of social media to see.
In and amongst all of the debates and, at times, thoughtless, comments, there are a few things we should really be taking note of. For the news of Brexit isn’t just affecting our country’s political strategies, there’s a lot going on much closer to home too. We’ve compiled a few facts you creative professionals need to know about how Brexit will personally affect you and your career.
The fashion industry is sure to take a hit from this political move – in fact, it’s already started to. Big names such as ASOS, Jimmy Choo and Burberry suffered from a plummet in share prices almost overnight, placing them into the red. Christopher Bailey – chief executive of Burberry – showed his worry about the exit before the vote even happened. As reported by WGSN, the fashion mogul told his employees how Burberry would be “stronger and more prosperous in the EU”.
Even companies from other European countries urged us to remain within the EU unit. Giorgio Armani said in Milan how he was “in favour of the British staying in Europe”. Closer to home, the legendary Westwood voiced her concern and expressed how she was “disgusted” by the thought of the UK leaving.
Despite all of this fore-warning, the vote was cast in favour to leave. In light of this, we look at how this could affect your future fashion/creative career.
- International relations will decline, therefore, restricting the ability to sell your wares abroad
- International education will decline – that means less of a chance of learning the art of design in Paris or photographing for an Italian magazine
- Makes it harder to employ workers from Europe
It’s not only the fashion industry that will take a hit from this decision, entrepreneurs wishing to start up businesses will also struggle. The factors above also apply to start up businesses – it will become harder to form relationships with European countries and it will be harder to employ from other countries.
However, there are several reasons why Brexit shouldn’t be viewed as a negative outcome. The levels of tourism may soon build, the pound has declined in value (which could be viewed as a big negative), this means travelling to London at the moment is rather appealing to many, as it has become much more affordable. Therefore, businesses may flourish with this incline in visitors.
Also, we’re lucky enough to have the resources we require in the UK without being part of the EU – some of the greatest universities in the world, offering the best education within the creative and business industries to help form your future career. Yes, there has been a sudden reaction in terms of shares and success within the creative industries, however, the news may help build relationships internally within the UK to create strong, stable businesses and careers for our future. Utilise those on (and just around) your doorstep.
This isn’t to say we’re happy with the decision to leave, however the milk has been spilt and we cannot continue to cry over it.
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The UK's first Career & Lifestyle Magazine for women in the Creative and Media industries.
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