With the UK voting to leave the European Union today, Philip Jones has given an analysis on what impact Brexit will have on the publishing sector in an article in The Bookseller:
Below is an excerpt from the article:
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“Publishing’s nightmare scenario has come true: at about 4am this morning the major media outlets confirmed that the UK population had voted in favour of taking the UK out of the European Union.
The shock today is palpable, as The Bookseller’s surveys have shown the book trade was overwhelmingly against ‘Brexit’ and pro Europe, as were its heartlands of London, Edinburgh, Oxford and Bath. One author said it was like waking up in a badly written dystopian novel. If only. One publisher chief executive simply tweeted: “Forgive the people because they know not what they’ve done! The leaders of the politics of hatred have triumphed over our children’s futures.”
As pre-warned, yesterday’s out vote has resulted in economic and political turmoil the likes of which few of us living today will ever have seen. Project fear has become project reality.
This will pass, of course. As of today nothing about the economy has changed, and it is to be hoped that wise heads prevail over the next few weeks and months as the UK government works out the best approach to the re-negotiation.”
Read Philip’s entire article here.
With the British Pound also losing its value against the US Dollar and the Euro, it has suddenly become more expensive to run an indie publishing business in the UK.
Image credit: Pixabay[author] [author_image timthumb=’on’]https://writingtipsoasis.com/wp-content/uploads/2014/01/hv1.jpg[/author_image] [author_info]Hiten Vyas is the Founder and Managing Editor of eBooks India. He is also a prolific eBook writer with over 25 titles to his name.[/author_info] [/author]