"As the British Fashion Council, we emphasize that a No Deal Brexit is a scenario that should be avoided at all costs," it said in a media statement released today. "The ongoing uncertainty and confusion that a no deal creates will have a negative impact on our industry, where investment is already impacted from the uncertainty being faced. A no deal situation will result in no transition period, and with an industry that is predominantly SMEs [small and medium-sized enterprises], we would struggle to cope with the trade realities that it would bring."

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