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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


Tom Enders
Managing Director, Global Health Solutions, CSC

Stephen Roach
Senior Lecturer, Jackson Institute

James Gorman
Chairman and CEO, Morgan Stanley

Jeremy Eden
Cofounder and Co-CEO, Harvest Earnings


Paul Tepfenhart
Senior Director, Private Brands, Walmart

Denise Landry
Senior Vice President and Chief Quality Officer, Emergent BioSolutions

George E. Newman
Associate Professor of Management and Marketing


Herbert M. Allison, Jr.
Chairman, President, and Chief Executive Officer, TIAA-CREF