The UK’s decision to leave the European Union on 23 June took everyone by surprise.
Most economists predicted an immediate and significant impact on the UK economy and consumer confidence in the event of a ‘Brexit’ vote. This has yet to materialize, and although countless challenges remain, there are certainly reasons for some level of post-Brexit optimism.
Since the referendum, it has been business as usual, with London so far retaining its place as the financial capital of Europe, and economic activity in the Eurozone reaching its highest point for seven months. Meanwhile, UK manufacturing has experienced its fastest growth for 17 years, and UK retail sales are up 5.9 % since June.
Meanwhile, a number of opportunities have emerged, particularly surrounding exports as the pound has weakened significantly making products and services cheaper to export and therefore more attractive. Additionally, imports hit a new high in June.
However, these are uncertain times, and businesses are right to be cautious. In light of the new opportunities and challenges that have arisen for UK business since the EU referendum, I would like to invite you to be a participant in our webinar – ‘Brexit – A new start for a confident Britain’ on 12 October.
To get expert advice and insight into how best to deal with the hurdles and opportunities that may arise as a result of Brexit, be sure to listen in online on 12th October.
