Brexit Insight: How Should Your Business React?

Brexit Insight: How Should Your Business React?

The UK is leaving the EU – So now is not the time to bury your head in the sand. HOW DO THINGS STAND AT PRESENT? The UK economy appears to have weathered the initial shock of the Brexit vote, although the British pound’s value remains near a 30-year low, opinion is sharply divided over the long-term effects of leaving the EU. Major firms such as EasyJet and John Lewis have pointed out that the sterling slump has increased their costs. Britain also lost its top AAA credit rating, meaning…

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Budget Cuts and Retirement Age Rise in UK

On Wednesday, Britain revealed a plan to cut half a million jobs, cut welfare, and raise the retirement age to 66. The British government aims to achieve a record budget deficit of 11% GDP, but economists doubt it would be possible, as an extra 7 billion pounds is said to be cut on top of the recently announced 11 billion pounds cuts. “That was partly because when push came to shove, it became very difficult to make the spending cuts. Until you see it happening, it’s slightly questionable,” Andrew Smith,…

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