The leave camp is still celebrating their Brexit victory, yet large parts of the United Kingdom are uncertain about their future. One of their concerns is how Britain’s exit from the European Union may affect small business.
Several economic experts are predicting that the U.K.’s separation may result in a financial chaos together with the devaluation of the British Pound. They see a steep drop in interest of foreign investments in the UK along with massive shakeups of global financial markets as a result.
There are so many open questions in particular for small business owners. But only those in the United Kingdom may be affected by Britain leaving the union, but likewise businesses and other nations such as those in the United States that have relationships with those from the UK
Economists forecast that the separation will result in a tumultuous financial future that will see the devaluation of the British Pound Sterling, the decline of foreign investment in the country and a shake-up of global financial markets. But what will the Brexit business impact be — particularly on small businesses here in the U.S. and in the UK?
It’s the question many small business owners on both sides of the pond are asking, and the answers aren’t hopeful.
Small business trends has a helpful article that can answer some questions about the potential impact of Brexiton businesses in the UK and the US.