In the aftermath of the Brexit vote, there are many questions facing businesses across the globe. How will this affect the economy? What will happen to the pound? What steps should businesses take now?
Fortunately, we have some answers. The following blog post discusses how Brexit could affect your business and offers some solutions for moving forward. It is meant to be informational and educational in tone, rather than partisan or political.*
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There is a lot of discussion going on right now regarding Brexit. Some are saying that it is a good thing while others argue that it is not. But why don’t we hear more from people in charge of running businesses? A lot of them have opinions on the matter but they do not express them because they want to avoid controversy and only want to focus on running their businesses.
If you are a business owner, the best way for you to survive is by keeping up-to-date with the latest happenings all over the world. With that in mind, Art of the Zoo brings to you a blog that talks about all of these things so that you can learn from them.;
The British public voted to leave the European Union, and the ramifications of that decision will be felt for years to come. An exit from the EU means that many businesses in Britain that do business in Europe and vice versa will have to make changes to their operations in order to continue doing business as usual.
Ties with Britain’s biggest trading partners—including the United States, China, Japan and Germany—will have to be renegotiated, which could certainly affect trade deals. At least for now, no one knows what kind of relationship will exist between Great Britain and the EU once the dust settles.
For businesses in Britain that rely heavily on exports or imports from other countries around the world, including those from or within the European Union, Brexit could mean increased tariffs and other costs, which would ultimately be passed down to consumers in one way or another.
To help you better understand how this historic event might affect your own business, we’ve put together a brief guide with some pointers and suggestions on what you can do to prepare for Brexit.
What is Brexit and what does Brexit mean? This article will discuss the Brexit and its effects on business.
In June of 2016, the United Kingdom (UK) voted on whether or not to leave the European Union (EU). The result of the vote was that the UK would leave the EU. On March 29, 2017, Article 50 was invoked, which begins the process of leaving the EU. Now that this process has begun, we have to consider what this means for us as business owners.”
The UK voting yesterday to leave the EU will have a huge impact on businesses in the United Kingdom and across Europe, but what does it actually mean for small business owners?
The Brexit vote means that the UK will leave the European Union, and this could have huge implications for business.
The EU is not just a free trade area, but also a political union where laws are shared and migrants can travel freely between member countries.
The UK’s exit from the EU will lead to economic uncertainty, which could cause businesses to reconsider their spending plans and projects. However, although there is likely to be an initial slowdown in growth, many economists predict that Britain’s economy will bounce back within two years.
Economists estimate that the financial sector could see job cuts of 10% or more as London loses its status as Europe’s financial centre.
The vote has also been seen as a rejection of globalization by voters concerned about immigration and its effect on jobs, wages and public services.
Businesses with foreign investments may benefit from a weaker pound as it becomes relatively more attractive to investors abroad.
As a result of the referendum, the value of the pound fell 12% against the dollar, the FTSE 100 dropped 7%, and the UK’s credit rating was downgraded. Although markets have recovered since then, and have even exceeded pre-referendum levels, there has been much uncertainty over the long-term impact on businesses.
But it also presents huge opportunities for British businesses. As a result of the referendum, many companies are looking to leave London to set up elsewhere in Europe. If you are in a position to offer them a new home and an attractive business proposition, you may be able to attract them as customers or business partners. Some companies will want to relocate part of their operations whilst keeping others in Britain; these companies may want to work with you on this project. And if you already run an international business, you can use this opportunity to expand your operation into new European markets.”
