Brexit-struck indies forced to consider raising prices

Brexit-struck indies forced to consider raising prices

Independent publishers say they are "extremely vulnerable" to the uncertainty caused by Brexit, with currency fluctuations putting pressure on tight margins and forcing many to consider raising the prices of their books.

The decreased value of pound, which is currently trading at around 10% below its pre-referendum value according to the FT, has caused money to be lost in foreign exchange. Daniela Petracco, UK director of Europa Editions, said the company's margins are being “slashed” by the floundering exchange rate, and while the publisher is currently absorbing the difference in cost, i...

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