As many of you know, a referendum will take place in the UK shortly to ask whether the UK should leave the EU or not. This referendum is important because it will affect the country's economy as well as its government, but it will also affect other markets or businesses such as bookstores.
Oddly enough, British bookstores too would be in danger if the UK leaves the European Union. This is how he has expressed it Waterstones CEO, the most famous chain of bookstores in the British Isles.
Like many other industries, Waterstones managers have sent a letter to their employees stating that if the UK leaves the EU, bookstores and they will have a hard time, having to lay off staff and cut costs drastically. By Waterstones estimates, all what was earned in recent years would have to be used as an emergency fund in that case.
British bookstores could see cuts if the UK secedes from the EU
Possibly Waterstones managers are right because the European Union has meant an expansion of markets for all its countries, but I really doubt that such a result in the referendum can really affect British bookstores to the point of having to close deals. Yes, it will affect, like any business, but it will not be negatively but could be positively since on the one hand the United Kingdom could set the VAT they would like to ebooks and books. They could also make the currency cheaper so that the export would be cheaper as well as the import.
I think that if some companies like Waterstones could be in danger from the change, but rather I believe that This letter is intended to raise votes among Waterstones employeesEven so, just in case we will have to be attentive in the coming weeks.