Originally Posted by
ncfcog
Ok, so we are back to listening to what people want us to hear? I can only speak from experience so I will repeat what I have said on other threads to other posters.
I have two businesses, one has only just been formed and the other has been around since 2005. Immediately after the leave vote I lobbied all my contacts and clients to see how we would be affected, half of them are in the UK, the others from overseas both within and outside of the EU.
I got the same reply from all of them that providing we remain competitive then there was no reason to believe they would stop buying from us.
12 months later and our UK sales had started to decline considerably whereas our overseas trade remained pretty much the same. I start asking my clients again why they are not purchasing from us, is it our pricing? Is it our service? It turned out that in most cases they had put a stop on any capital investment until there was an agreement on how the UK leaves the EU. When I dig deeper it becomes apparent that these clients have been quite literally frightened into curtailing their investment plans because of the uncertainty around Brexit created primarily by 'project fear'.
So these clients have stopped buying my products because they are scared to invest until Brexit has been properly resolved. This is what it means to me personally. In the last 12 months my business has lost over 75% of its usual UK trade, to put a figure on that we are talking about that equates to approx £300k. I have had to personally plug the gap to try and keep things ticking over and keep the few staff I have in jobs. I now find myself personally owing 6 figures in guaranteed loans and debts. Mainly because clients in the UK are 'scared' to invest right now. Oh and I've also not been able to pay myself a wage since August last year while I try to get things back on track.
I now find myself spending nearly 90% of my time trying to sell to overseas clients because I am wasting my time on UK prospects in the current climate. I sell to all four corners of the world but with restrictions. I want the UK to be able to generate trade deals with these other economies but while in the EU they have their hands tied to working within EU dictated trade agreements which don't necessarily benefit the UK.
I'm ranting a little so I apologise but I am totally at my wits end now with the inability of those in power to actually do what is needed, the opposition for putting up barriers at every opportunity and those who didn't like the leave result throwing their dummies out the pram and doing everything they can to make matters even worse than they need to be, so yes I do believe, from my own experience that 'project fear' has, in my experience, had a damning impact on our economy and the sooner we get this resolved the better.