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8

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  • Analytical
  • Scientific
  • Innovative

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The British are leaving! So what now? According to this study from the Economist Intelligence Unit, written before the United Kingdom’s June 23, 2016, vote to quit the European Union, the country will experience the economic pain unevenly, as some industries suffer irrevocable dislocation while others undergo less disruption. Overall, the EIU believes the UK’s economic outlook is grim: After several years of uncomfortable transition, by 2020 the UK will be underperforming relative to its pre-Brexit capacity. getAbstract recommends this perceptive report to policy makers, investors and executives for the depth of its analysis, originality of argument and immediate relevance.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

A British exit from the European Union would engender a political maelstrom. A UK government leadership transition would need to be swift to quell political, financial and economic uncertainty. Though the Brexit outcome over the longer term could have either low or high impacts, the latter scenario appears more likely. The Brexit debate will center on “one key trade-off: between control of immigration and access to the EU’s single market.” The UK’s decision to leave the EU would affect critical industries in diverse ways:

  • Finance – Near-term volatility would weaken the pound, rates would rise and foreign...

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