How has Brexit Impacted the UK Economy?
Brexit negotiations or speeches are hardly out of the news these days, but how much has actually changed since the referendum? It will be some time yet before an agreement is made and the UK officially leaves the European Union, however we’ve already seen some significant changes in the economy and how global businesses view the UK trade.
It’s hard to give an overall view of whether in general the UK economy has improved or got worse since we started the process of divorcing the EU. Many reports focus on the value of the pound but there is more to measuring the economy than sterling markets. The state of the economy can affect house prices, employment levels and the risk factor for banks to lend money. If business growth slumps because of a lack of access to finance, this could also have disastrous consequences as we exit the union.
