Top of Mind

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


Lawrence H. Summers
Charles W. Eliot University Professor and Former President, Harvard University; Former U.S. Secretary of the Treasury

Bob Mulroy
President & CEO, Merrimack Pharmaceuticals

Alix Zwane
Executive Director, Evidence Action

Fred Terrell
Vice Chairman of Investment Banking, Credit Suisse

Professor Nicholas C. Barberis
Nicholas C. Barberis
Stephen and Camille Schramm Professor of Finance

Martin S. Shubik
Martin S. Shubik
Seymour H. Knox Professor Emeritus of Mathematical Institutional Economics

Jed Bernstein
President, Lincoln Center for the Performing Arts

John Shrewsberry
President, Wells Fargo Securities

Gretchen Daily
Professor, Department of Biological Sciences, Stanford University; Chair, The Natural Capital Project


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