The Financial Impact of Brexit on the United Kingdom's Economy
Absztrakt
The financial system of any country is the life line of business, without it, trade won’t take place as smooth as it is supposed to be. Brexit would be a protracted process, lasting around two years from now. The endpoint for the United Kingdom-European Union’s relationship would be subject to a negotiation. Business would face high and increasing levels of uncertainty during this process, Brexit would cause significant disruption for European capital markets, investors and issuers – at a time when Europe needs bigger and better capital markets more than ever, impacting on investment decisions and with macroeconomic consequences. A vote to leave the European Union could cause an initial period of significant dislocation and uncertainty in markets and across the industry, leading to lower economic activities and less cross-border investment. The only two certainties are that lawyers would have a field day, and the cost of disruption would be passed on to customers in terms of higher prices due to the anticipated increase in stiffness of regulations after Brexit.