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Having made national press headlines in January in relation to its stance on Brexit and the associated costs to its business, Cycloc has today expanded upon the complaint, adding that it is becoming less viable to invest in its UK production given the new and enhanced hurdles it faces exporting its goods.
Cost of labour in Britain up by 30% since referendum, double rise in some EU countries, research finds.
Cycloc says ‘Kafkaesque’ rules have cost it £100,000 in latest tale of how EU exit is harming small firms.
The London-based wall-mounted bike storage manufacturer attracted 50% of its business from the EU pre-Brexit and has been left with a £100,000 hole in revenues. /