Placeholder Image

Subtitles section Play video

  • Yeah, Trekkers has been making shoes in England for 192 years.

  • It survived world wars, financial crises and stock market crashes.

  • But Brexit, paired with the burden of the global health crisis, is its latest battle.

  • While the last minute trade deal between London and Brussels may have helped avoid border tariffs, businesses on both sides are now dealing with extra costs from V A T rates.

  • Martin Mason is the managing director at Triggers.

  • This friction of getting product into Europe has got got to be smoothed down.

  • I mean, it is a bit of, ah, barrier to recovery Post co vid.

  • But you know, if wise heads get together and solve some of these issues, then hopefully it will become easier.

  • British exporters must now comply with different V A T rates across the EU's 27 member states.

  • Triggers has handed the task to parcel firms that are charging additional handling fees for each package sent to the U from the company's factory in North Hampton, England.

  • The extra costs could hit over $137,000 a year, and shipments that used to take one day to arrive are now taking three or four.

  • When the curry is get things wrong, the trail of paperwork also grows.

  • Let's be honest.

  • Europe is having exactly the same problems getting product into the UK Every European manufacturer or shop has to set up a V eight registration with HMRC.

  • Some haven't decided there.

  • It's not gonna bother, um, so it really is both sides coming together and just making sure that all of the paperwork and the processes air easier.

  • Prime Minister Boris Johnson has said the recent disruptions to trade a largely teething problems aunt.

  • He points to the potential for export growth if Britain strikes trade deals with the United States.

  • India, on beyond a deal agreed with Japan, which accounts for a third of triggers business, compared with about 15% which comes from the you would be a help.

Yeah, Trekkers has been making shoes in England for 192 years.

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it