Trader: Why I’m STILL backing Brexit despite losing 500m customers in single market exit

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Emma Pullen CEO of British Hovercraft company says that she has seen a sales boost

The British Hovercraft company, based in Sandwich, Kent, backed Brexit ahead of the vote.

Its boss, Emma Pullen, says that the UK’s move has been “very good for business,” has increased sales and exports, attracted more countries to do trade with and even put more money in the coffers.

The admission comes after Prime Minister Theresa May confirmed this week that Britain will leave the single market.

This could result in firms losing access to Europe’s 500 million customers.

Despite this, the firm details why they, and many others, still back Brexit.

Imogen Larkins, the General Manager of The British Hovercraft company firm told The Daily Express exclusively: “We’re doing more sales than ever before among countries that we had not done trade with previously.

“We are now doing trade with the Caribbean and the Middle East. We’re also moving into the states which is great news.

British Hovercraft Company

The British Hovercraft company, based in Sandwich, in the South of England, backed Brexit

“We’ve also got a deal with china so we’re very excited, it’s actually better than ever in terms of interest so it’s been very good for us.

The EU’s strict trade laws meant that The British Hovercraft Company had to wade through plenty of fine print before striking deals.

So, as Britain heads for divorce, the firm said that they will be relieved not to deal with these problems.

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One British firm believes that Brexit will be good for the entire country

Ms Larkin added: “We don’t feel as we are going to miss out on anything now that we’re leaving the EU. In fact our sales to the EU had been poor for quite some time.

“The EU has no money so we were not doing particularly well in that market.

“The EU is also very restrictive in trade deals. There were an awful lot of different laws on hover craft sales, especially on commercial sales which had an impact on what we do here.

“From where we stand, Brexit has encouraged other countries to come through and approach us for trade like never before.

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Prime minister Theresa May confirmed this week that Britain will leave the single market

“In fact many clients would only pay us some of the deposit beforehand, but now they now pay us the full deposit – which is really good for cash flow.

The British Hovercraft Company started as Flying Fish Hovercraft back in 1998 by Ivan Pullen, a hovercraft designer.

The company describes itself as the 'industry standard' in recreational hovercraft design.

They sell a range of small hovercraft for commercial and utility purposes.

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While the government is yet to trigger Article 50 which will set Brexit in motion its affects are already being felt.

Ms May announced at the start of October her deadline for beginning the formal Brexit process.

Article 50 of the Lisbon Treaty – will trigger two years of formal negotiations – and will be invoked before March 2017.

It means that the UK could be out of the EU by the summer of 2019.

Figures from the office for National Statistics show that the economy grew by 0.6 percent between July and September, faster than previous estimates.

And the pound fell dramatically after the vote in June 2016.

However, the fall in the pound has already exporters – like The British Hovercraft company.

It has seen an increase in sales which has allowed it to hire more staff.

The firm told The Daily Express: “We benefit from selling a British product because other countries see the British name as quality. They like the goods, they like the name.”

“We have even taken on more staff. We are a very small business but if I speak in percentage terms, we have increased our staff by 30 percent – and we have been able to do this because there is more money coming in since Brexit.”

“We are very happy with Brexit, because we feel we are taking back the country.”

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NICK CLEGG

Original Article