It's not only the UK tourism and retail industries that are benefitting from the weaker pound*. According to Kent-based practice Bella Vou, Britain's cosmetic surgery industry is booming as a result of the Brexit vote, with enquiries from overseas up by a third since June.
The current exchange rates are making cosmetic surgery in the UK more affordable, where European clients are paying approximately 15 per cent less for procedures than before the referendum. American clients are paying approximately 17 per cent less and Australian clients are benefitting by 25 per cent.
Amir Nakhdjevani, lead cosmetic surgeon at the Bella Vou clinic in Tunbridge Wells, Kent, said: “The UK has one of the most highly developed cosmetic surgery industries in the world and British surgeons are always in demand with foreign customers, due to the high standards of training and exceptional quality of surgery and care available. Now the exchange rate means that cosmetic surgery in Britain is also far more affordable too."
At Beavis Morgan, we work with a number of businesses within the medical and healthcare sectors, assisting with business strategy, tax advisory, property structuring, management accounts, cashflow and forecasts, raising finance, buying and selling practices and a range of other services. If you are involved in research and development, you may also be eligible for cash back through the government tax credit scheme.
Speak to a member of our specialist advisers to the medical and healthcare sectors about how we can help you and your business. Contact Steve Govey or your usual Beavis Morgan Partner.
* Retail and tourism boosted by slump in the pound / Boost to tourism sector as more Britons opt to holiday at home