There is no doubt that Britain’s vote to leave has dealt a tremendous blow to the value of British pound, which has dropped as a result of the vote. Businessmen and investors alike will all provide the same explanation for this drop; uncertainty. Uncertainty over whether Britain will maintain its avenue into the single market of the European Union and the duty-free trade and financial services that come as a benefit of being a member will shape the economic discussion going forward. If it fails to maintain some sort of access to the free trade market of the European Union or establish new trade deals, London puts itself at risk of losing some of its most profitable business to places like Paris and Frankfurt who will continue to benefit from the free trade, resulting in a certain drop in the country’s GDP. How the country handles the potential and possibly impending cut in economic growth, which has been predicted by organizations like the International Monetary Fund and the Organization for Economic Cooperation and Development, will be a major testament to its ability to be successful while independent from the European Union. In general terms, the future of Britain’s trade is at risk and Westminster has a lot of vital decisions to make to ensure the country has a prosperous
There is no doubt that Britain’s vote to leave has dealt a tremendous blow to the value of British pound, which has dropped as a result of the vote. Businessmen and investors alike will all provide the same explanation for this drop; uncertainty. Uncertainty over whether Britain will maintain its avenue into the single market of the European Union and the duty-free trade and financial services that come as a benefit of being a member will shape the economic discussion going forward. If it fails to maintain some sort of access to the free trade market of the European Union or establish new trade deals, London puts itself at risk of losing some of its most profitable business to places like Paris and Frankfurt who will continue to benefit from the free trade, resulting in a certain drop in the country’s GDP. How the country handles the potential and possibly impending cut in economic growth, which has been predicted by organizations like the International Monetary Fund and the Organization for Economic Cooperation and Development, will be a major testament to its ability to be successful while independent from the European Union. In general terms, the future of Britain’s trade is at risk and Westminster has a lot of vital decisions to make to ensure the country has a prosperous