Banquet Data have introduced that they’re quickly pausing gross sales to Eire and mainland Europe because of the persistent uncertainty surrounding Brexit buying and selling preparations.
Negotiations between the UK and the European Union (EU) are nonetheless ongoing over an important commerce deal, with simply two weeks left earlier than the Brexit transition interval ends on January 1, 2021.
With the prospect of a No Deal Brexit nonetheless a definite risk, the prevailing sense of uncertainty over the way forward for UK and EU relations is already having a knock-on impact throughout the UK music business. Warnings about the potentially “catastrophic” impact of a No Deal Brexit have been sounded just lately as that final result would, for instance, very probably forestall hundreds of British musicians from having the ability to afford to tour Europe subsequent yr.
“Our business is reeling and in a dreadful state,” Annabella Coldrick, chief government of the Music Supervisor’s Discussion board, informed NME final month. “After we come right into a post-COVID world, we don’t even know if we’ll have the ability to tour as a result of it’s inconceivable to know what your prices shall be, what the paperwork shall be and what processes you’ll need to observe in every nation, however we do know will probably be a nightmare.”
The prospect of No Deal can be inflicting nice uncertainty amongst UK report retailers, with Kingston-based retailer Banquet Data asserting yesterday (December 16) that they’ve taken the choice to pause all orders to the EU from at this time (December 17) till the Brexit buying and selling “state of affairs is resolved”.
sorry to say we’re quickly pausing gross sales to Eire and mainland Europe till future buying and selling preparations with the EU turn out to be clear. pic.twitter.com/y3DYWtPlPG
— Banquet Data (@BanquetRecords) December 16, 2020
“We’ll be pausing all EU orders from December 17 till the state of affairs is resolved due to the uncertainty round Brexit and the way it will have an effect on our EU prospects,” Banquet mentioned in a press release.
“Thanks prematurely on your endurance whereas we work to discover a answer to the tough, avoidable place we’re in.”
Final month, the UK’s so-called “Festival of Brexit” was awarded £29 million in funding to assist stage its deliberate occasion in 2022.