The Business Side of Brexit
In the year since the British voted to leave the EU, the UK economy has proved surprisingly resilient. But if the British economy is to cope with Brexit as well as it has coped with the Brexit vote, the government, like businesses, must minimize the impact of uncertainty by managing that uncertainty effectively.
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LONDON – Nearly a year ago, the British voted – 52% to 48% – to leave the European Union. Many expected the vote to produce severe economic volatility. But the economy, so far, has proved resilient, though as we head into this week’s snap general election, there are signs that higher inflation is taking its toll on consumers and some businesses. The question is whether the economy can withstand the actual divorce proceedings.