Source: Dumb Little Man
With the UK still locked in negotiations with the 27 member states of the EU following the country’s decision to leave the Union, a great deal of uncertainty still remains about what form a post-Brexit world will take. At the moment, even the negotiating position is open to debate with the country’s MPs split on what the best approach should be.
Although the direction Brexit is taking is still uncertain, there is no denying that it is going to influence more than the UK or the EU’s finances.
Let’s take a look at the likely influences of Brexit around the world, in six key areas.
Supply chains and manufacturing
Today’s supply chains are global, so the cost of raw materials for manufacturing may increase under new trade agreements, as well as being affected by currency exchange rates. One thing’s for sure, whichever way Brexit goes, it’s a monumental event on the world’s economic data calendar, with ramifications for more just one country. Increased customs procedures for materials entering or leaving the UK for EU countries could also slow down the supply chain, increasing costs and reducing efficiency.
Corporations
Many global corporations have their headquarters in the UK and are actively…
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