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NickCJ
@eskay
@NickCJ - I work for a UK manufacturer of industrial equipment. Our products are badged as 'made in UK' but our factory just assembles lots of parts that are sourced from the Far East.
We had an email from our MD to say that Brexit is going to increase our net tariffs significantly and for the first quarter of 2021 they are going to absorb the cost. The bulk of the UK assembled products are sold to the EU. It would not surprise me one bit if the UK factory closes this year.
If we rewound ten years, we were sourcing from local companies and could have easily met the ROO, but modern business is all about cutting everything to the bone.
There are very few true 'made in Britain' manufacturing companies, they will all be facing increased costs this year.