A long list of facts have been published about Brexit that resulted from the UK’s referendum held on June 23, 2016 including the players involved and the legal process that the UK will undertake to follow through on this popular vote .
An even longer list of unanswered questions remains about how the effects of Brexit will be felt around the UK and outside its borders. Significant debate exists about the impact of Brexit on dozens of matters from forecasted sterling exchange rates to immigration.
So far, we’ve primarily learned that much work remains to be done to renegotiate 43 years of treaties and agreements covering thousands of topics. Complicating things further, no country has ever attempted a divorce from the EU, so there’s no model to follow.
For more information on Brexit, Baker Tilly International UK member firm, MHA Macintyre Hudson, has authored the Brexit Business Planning Guide for their clients. In this uncertain landscape, US businesses should maintain as much flexibility as possible in their European strategy. We’ll continue to keep you informed regarding latest developments.
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