Glass News Voice of the Industry – November 2018

Published on 6 December, 2018 | Latest News

David Jennings, CEO (third from left)

UAP’s CEO, David Jennings, featured in November’s Voice of the Industry feature for Glass News. Check out his opinion below:

Question:

2019 promises to be an interesting year! In or out of Europe? Paying silly money in the £billions to the EEC whether we stay or go, and £billions in overseas aid. You’ve set your budget for your business: what do you think 2019 will do for you, your business and the country?

David’s answer:

We just need to agree the type of Brexit we are having, and to stick with it. Once we have that I believe that Brexit will have a positive effect on the UK economy, and for UAP. There are hurdles we need to jump and the main one is 31st March, and what will happen in the immediate aftermath.

As a business we have plans to hold increased stock and control, as much as possible, product pricing in the event of a downturn in Sterling. Our goal is to offer a safe haven in the turbulent waters for our customers. As a business we do more business outside the EEC and we expect to increase that during 2019.

Once the type of Brexit we are facing is known, we believe that consumer confidence will return to the market which will see uplift in demand across the whole fenestration industry. Demand across social housing and new build will also benefit from a known Brexit, and again we see that as a positive. Like the Millennium Bug, this time next year I believe we will all be wondering what the fuss was about.