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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


Andrea Frazzini PhD ’05
Principal, AQR Capital Management


Álvaro Uribe
Former President of Colombia

Britta Rendlen
Head, Sustainability Risk Management, Swiss Reinsurance Company

Paul Kennedy
J. Richardson Dilworth Professor of History, Yale University; Author, The Rise and Fall of the Great Powers


James Gorman
Chairman and CEO, Morgan Stanley

Sameera Fazili
Senior Policy Advisor, National Economic Council

Brad Abelow

George Green
President and CEO, Hearst Magazines International