2018 Brexit Affects
Predicted slow down amid Bexit Uncertainty
Added: 07/11/2017 09:31:25
Since the Referendum and subsequent vote for the UK to leave the European Union, which took place on 23rd June 2016, nobody has been sure what affect it will have on industry and the economy as a whole.
It is clear that this is an unprecedented event leaving many to speculate as to the best way forward for the country but with no real proof of how best to achieve what is put forward.
But with recent studies forecasting a possible slow down in the economy and lower potential yearly profits for the big companies that the UK economy rely so heavily upon, the future looks even more unclear.
The Guardian online reported this slowdown and included statements explaining that; "The survey of projections compiled by UBS for the Financial Times (£) shows the uncertainty of a post-Brexit future has resulted in some companies putting plans on hold or shifting operations to other parts of the EU." Also claiming that; "Among the illustrations of the slowdown are Burberry’s planned trenchcoat factory in Leeds being put on hold and a 75% drop in investment in the car industry in the first half of this year."
Clearly if these reports are correct then there is not only uncertainty as to the best policy going forward but also in the market place and the Companies within.
As previously mentioned, nobody really knows what the future holds for the UK post Brexit, but these periods of economic uncertainty are doing nothing to help an already burdened Point of Sale industry.