Confederation of British Industry CBI Is Politically Motivated and Industry Biased Reports
Absolutely no one can state with absolute certainty what the impact of Brexit will be on UK economy. Most of the articles on the impact of Brexit are politically biased, Leave or Remain, as there is still a fight for the result of the real Brexit vote.
Many reports, including the ones from the CBI, are also industry biased. The industry most likely, though not guaranteed, to suffer if and when the UK leaves the European Union EU will be the financial services industry. This particular industry could actually also be the main industry benefactor from Brexit too, but a lot will depend on the end deal with the EU.
Most business leaders in the UK can’t control Brexit, but they can control the impact of Brexit on their own business
Don’t let the CBI, the media or your mother dictate how you react to Brexit, should it eventually happen. Deal with what you know for certain. The value of the UK pound has fallen against a basket of foreign currencies because the financial markets don’t like uncertainty, and it is highly uncertain if there will be a Brexit, and if it happens what kind of Brexit it will be. The UK certainly has a massive opportunity right now, never mind March 2019 or later, to sell more overseas.
UK business leaders need to lay the foundations for a better future whether Brexit happens or not
Seize the day! The devaluation of the UK pound will remain as it is or devalue further over the next few years, unless Brexit is stopped. This devaluation negates most of the trade tariffs that could be imposed by EU or are imposed by other non-EU countries already.
Don’t wait for tariff-free agreements from wherever they might come. Tariff-free agreements could become the cherry on top of the cake for UK international traders. Tariff-free agreements could also boost the value of the pound and there will be no net benefit from the signing of tariff-free agreement, in terms of the cost of your products or services to overseas buyers from your business in UK.
UK business leaders will look back on this period of UK economic history and think they missed a massive business opportunity to sell more overseas
This is the time to sell more overseas, not when free-trade agreements have been signed, if they ever get signed.
Economic uncertainty has brought a massive opportunity as well as threat to UK businesses. Many UK business manufacturers have already exploited this perceived UK economy weakness to export more. If you want to concentrate your focus on the UK domestic market alone, then we wish you well.
If you want to explore ways to sell more and export more from the UK then click here – and enter code UK EXPORTER when you complete form. Alternatively, complete the form below and enter same code.