What does the EU Referendum mean for the Future of British Business?
On Thursday 23 June, Britain went to the polls to make a ‘once in a lifetime decision’. After four months of heated campaigning by both the Remain and Leave camps, British people were asked to decide:
Should the United Kingdom remain a member of the European Union or leave the European Union?
Despite being a simple yes/no question, both sides of the campaign recognised that either outcome would have a profound impact on the future of the British economy. The polls have now closed, the votes have been counted and the results are in – Britain has decided to leave the EU.
The outcome of the vote was followed by the resignation of David Cameron. And while the full implications of this result will only become known over the coming weeks, month and even years, a substantial amount of work is going to be required from government, industry bodies and private businesses. For one, industry leaders have called on the British Government to reassure businesses and investors that their interests will be protected during the UK’s forthcoming period of disengagement from the EU.
To understand what the implications are for British businesses and investors, IW Capital has released EU Referendum Round-up. Based on the key issues that have emerged immediately following this momentous decision, the summary report focuses on the following three main topics, with a more in-depth analysis to follow at a later date when the picture of Britain’s future has become clearer. The round-up outlines:
- The process involved in Britain leaving the EU
- What Brexit means for the future of EIS
- The immediate and long-term effect of leaving the EU on the UK economy