One of the funniest comments I heard about Brexit this morning, as we awoke to its being a reality, was in response to the question of how Brussels will react. The answer was given “they will be completely shocked”. If it is true, it tells us all we need to know. There was a referendum in the UK yesterday; it was always going to be close. This is not a shocking result, and anyone who is shocked by the outcome must surely be open to accusations of some degree of arrogance.
Politicians will disagree about the political, and economists will disagree about the economic effects. In my previous blogs I have been clear that I do not believe we can predict what will happen in this Brexit scenario, so speculation is as good as we can get. A look back at history does tell us that humans, economies and people generally are far more resilient than we fear and no doubt we will be living in very interesting times. We should be more than cautious as pundits supply endless opinions on how Brexit will impact on business.
But what of your business and what can we learn?