A survey of the news and information coming from the Brexit vote in the UK will find a wide range of speculation. The common messages are:
- this will take up to two years to be put in effect
- there will be a short and long term impact
- It is in the interest of all parties for this to move as smoothly as possible
The first major impact, Prime Minister David Cameron stepped down and was replaced by Theresa May. The new Prime Minister was also in the “stay” camp voting against the Brexit movement. To support the “leave” vote she assigned Boris Johnson as foreign minister. The assembly of the team consisting of Boris Johnson as Foreign Secretary, and appointing Liam Fox as International Trade Secretary and David Davis as Brexit Secretary offers our first look at Theresa May’s strategy to lead the UK out of the European Union. Johnson was a key figure in the “Leave” campaign and has received a key post for the implementation of next steps. The rest of the strategy has yet to emerge, and there is a global audience with economic impact waiting to learn more.
What is the current mindset?
Currently, there is a lot of fear and worry surrounding the path to exiting the EU.
http://www.comres.co.uk/polls/bbc-news-brexit-expectations-poll/
Key issues being:
- The economic impact
- Immigration and border security
- The “United Kingdom’s” ability to stay united
The BBC survey reveals the current mindset of the UK citizens. As the Brexit move was a demonstration of democracy at work, tracking the populous mindset as the key issues continue to develop. Here are the key issue starting points from the survey:
- maintaining access to the single market should be the priority for the Government when negotiating the UK’s withdrawal from the EU 66%, while just a third say this of restricting freedom of movement 31%
- 47% think the UK economy will be worse in two years’ time, a third think it will be better 32%. However, over the longer time, the public appears to believe the economy will improve
- 52% of Britons think that the economy will be in a better place in five years’ time, compared to 30% who say it will be worse than where it is today
- 53% think it is likely that the UK will no longer exist in ten years’ time than think England can win a major football tournament 13%. Around a quarter of Britons, 25% think it is likely that the UK will be a member of the EU is ten years’ time
For our purposes, we will follow each development as it pertains to trade, startups / business opportunities, and the logistics industry overall. We will analyze and share our view of the risks and opportunities as they develop.
We will be watching the timeline and strategies used to guide the trade agreements. In our next issue of Experts magazine, we will compare the different Europe based trade agreements that could be used as models. We will also examine the impact of new agreements globally, for example, the Trans-Pacific Partnership to track the global economic climate and challenges.
Our suggestion for a Brexit Survival Kit follows:
- a coffee each morning while you follow along
- Sign up and join the conversation inside the NV Logistics Newsletter
- Watch for a series of tutorials in our Redesigned online magazine which will be focused on Logistics, Business development and Leadership with the first addition set to be released on 1 October 2016.
In our newly re-designed Experts magazine, we will update this story as it relates to trade agreements and contract negotiation as well as the impact of Brexit on Switzerland and startups.
Be sure to follow us on twitter and LinkedIn to stay up to date with the current information.
