One of our authors was asking the other day about the impact of Brexit on IndieBooks. So we thought we’d share our answer.
The most immediate impact is that our books will be more expensive to print. Almost all the paper we use comes from sustainable forests in Scandinavia, and paper is the biggest single cost in book production, and with the Pound down 20% since Brexit, that paper will rise in cost accordingly.
The second is that Brexit will have a profound effect on the economy, reflected in the eye-watering projections for the UK national debt: and if people have less money in their pockets, then book sales will suffer just like everything else.
The third is that our export sales will be worth more to us, again because of the fall in the value of the pound. That’s welcome – but though we’re always trying to export more, it’s still not going to do much to offset the negative impact.
The biggest impact, though, is cultural: the sense of the UK cutting itself adrift from the rest of Europe. Even if there were no financial cost, we’d still think it wrong to leave the EU because of the barriers it creates. It’s one reason we’re delighted to have three new European authors joining us in 2017, and why we’ll be promoting our books much more in the rest of Europe too.
And if you want to know why it happened, then watch out for ‘Explaining Cameron’s Catastrophe’, in which Sir Robert Worcester and his colleagues explore the wealth of polling data to reveal why people voted as they did and what it means for the future. This follow-up to ‘Explaining Cameron’s Comeback’ is due out in January 2017.