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World

Could Christmas markets shrink after Brexit?

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World

Could Christmas markets shrink after Brexit?

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COMING UP:Could Christmas markets shrink after Brexit?

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00:00:00
>> Three, two, one, go.>> We may be non the wiser on a Brexit timetable, but it hasn't hambered Christmas celebrations in Central England, where the count down to Christmas has officially began. I'm Reuters Emily Weather in Birmingham. This is the largest authentic German market outside Germany and Austria, but it might not be in the future.
00:00:22
Stall holders have told us that if Brexit makes it harder for them to come here, they'll just go elsewhere in Europe. The market is part of a partnership between Birmingham and Frankfurt that spans half a century. They've been together longer than Britain and the EU. And the man behind organizing the 140 stalls here says they're not breaking up anytime soon.
00:00:44
>> It will be more difficult after Brexit. But it needs several years if it is here. And I think then, we will have regulations between German or the EU. And Great Britain said it is possible to work, not too difficult.>> Organizers insist it's business as usual. But it may be a tough sell in years to come.
00:01:10
If the British government has to impose visas and permits, store holders like Tom may decide it's not worth the hassle. They're considering taking the business to somewhere like Spain next year.>> If Brexit comes like it starts, like the pound goes down and like the UK close a little bit.
00:01:30
A lot of stallholders will say, okay, that's it. I mean, my boss starts to thinking about like to stop it here, especially after the Brexit. So there are also other people thinking about that.>> Is the company worried about Brexit?>> Yes we are. We are very worried because we don't know what the future brings.
00:01:49
We Germans feel bad for the English people. It's the same, like we feel bad for the Americans with Donald Trump.
LAUGH]>>
Despite the June referendum, people are still spending. British retail sales rose at their fastest annual rate in more than 14 years in October.>> And while the City of Birmingham may have voted to leave the EU, organizers are keen to stress its friendship with Frankfurt hasn't lost its sparkle.