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After the Vote

When will Brexit actually start? No one quite knows. The new government under Prime Minister Theresa May insists that Brexit will proceed, but seems in no hurry to invoke the EU’s Article 50 and begin the process of negotiating the U.K.’s exit.

“Businesses could be forgiven for being fearful of protracted Article 50 negotiations, but the reality is, a longer wait to get things right will be very much in their best interests,” London lawyer Ros Kellaway told Bloomberg.

The FT talked with some small businesses about how they deal with the uncertainty. A toy company is thinking of moving part of its operation to Poland to be sure of access to EU markets, and a language school is seeing cancellations from Japanese students who don’t think they will be welcome in Britain. "The biggest problem is the image that this is giving of Britain abroad,” said Val Hennessy of International House Bristol.

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Contributors



James Gorman
Chairman and CEO, Morgan Stanley


Richard C. Levin
Richard Levin
Frederick William Beinecke Professor of Economics

Rakesh Khurana
Associate Professor of Business Administration, Harvard Business School

Professor Zhiwu Chen
Zhiwu Chen
Professor of Finance

John C. Bogle
Founder, The Vanguard Group


Britta Rendlen
Head, Sustainability Risk Management, Swiss Reinsurance Company

Christine Barton
Senior Partner, Boston Consulting Group