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George Osborne’s family firm reports jump in costs in wake of Brexit
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theguardian.comThe former chancellor George Osborne’s family wallpaper business has said that Brexit added £400,000 to its costs, as the company’s sales slid more than 16% during the pandemic.
Osborne & Little, which is controlled by Osborne’s father, Sir Peter Osborne, said the UK’s exit from the EU had “an immediate adverse effect on profits” from January 2021, with unforeseen costs such as increased shipping payments and taxes on EU goods imported to the UK before being exported back to Europe.
The company also said it had experienced “supply delays” that had affected trading, despite strong demand from shoppers who wanted to revamp interiors as they spent more time at home during the coronavirus lockdowns.
Accounts filed at Companies House said the
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