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00:00:02
>> Importing Spanish foods to Britain has been a good business for Monica Linton. She started her company Brindisa on a shoestring 28 years ago, now she employs 300. But June's Brexit vote has hit firms like this hard.>> The immediate impact is very clearly the currency because we spend probably around a million, 11 million Euros a year on products from Spain, food from Spain.
00:00:26
And so that's now costing us roughly 2 million more and that needs to be found. So the best way to stop that process is to increase prices.>> Hospitality is huge business in the UK with an annual turnover of over 14 billion pounds But the slide in sterling has seen the price of imports shoot up.
00:00:46
Reuters' senior correspondent Estelle Shirbon.>> So obviously if you were able to buy a certain number of kilos of cheese or a certain number of bottles of wine for a certain number of euros. Then you now need more pounds to buy those things so it's like for any importers.
00:01:05
It's been really punishing for those that are very reliant on bringing in ingredients or produce from abroad and beverages from abroad. So that's the impact that's already being felt.>> Government officials say skilled workers are still welcome here but unskilled workers are the backbone of this industry. And about two-thirds of them are not British nationals.
00:01:26
But with potential changes to immigration rules and anti-migrant feeling across the country. There are concerns that many potential workers could stay away.>> I think that without question the biggest potential impact if there are serious new restrictions on immigration. And in particular if it becomes much harder for unskilled workers from Europe or elsewhere to come to the UK.
00:01:51
Then that could be very difficult for the industry to weather because they will really struggle to fill all the posts that they need to fill in order to operate effectively.>> While there is still no solid date on when article 50 is to be invoked, it's likely either the UK's food and drink industry will remain in a state of flux