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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


Christopher Ross
Chief Information Officer, Mayo Clinic

Julien Cayla
Senior Lecturer in Marketing, Australian School of Business

Michael J. Kavanagh
Bloomberg Journalist

Professor Rodrigo Canales
Rodrigo Canales
Associate Professor of Organizational Behavior

Daniel Gross
Managing Director, Oaktree Capital Management

Putnam Coes
Chief Operating Officer and Partner, Paulson & Co.



Bill Claybaugh
Senior Director of Human Space Systems, Orbital Sciences Corporation

Joel M. Podolny
Dean and William S. Beinecke Professor of Management, Yale School of Management