Brexit's economic ripple effects felt from London to Bangladesh
Instead of raising prices for shoppers, big high street brands squeeze suppliers
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Dhaka
SOME 8,000 kilometres from London's busy shopping districts, the economic ripple effects of Brexit are being felt in one of the world's poorest nations.
In Bangladesh, garment makers typically charge in US dollars. For UK retailers, that means import costs are rising in line with the pound's 16 per cent slump since Britain's June vote to leave the European Union (EU). Reluctant to raise prices for shoppers, big high street brands are squeezing suppliers instead.
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