
A 500-word summary of the short and long-term Brexit business implications
Image: Twocoms / Shutterstock.com” >Shutterstock
The challenge, and this applies to business perhaps more than some parts of society, is to maintain a cool head and carry on.? That scary intangible “confidence” will hang over the economy for months, perhaps years, and as we all know from the recent recession, low confidence leads to low activity, which leads to lower confidence and so on and so forth. So, while the politicians argue among themselves about who will be the next prime minster, or leader of the Labour Party, or what influence minority, non-elected leave campaigners like Nigel Farage will have on policy in post-Brexit Britain, business leaders have to do what they do best, get their heads down and work hard. Of all the speeches made on the morning of the result it was the words of the governor of the Bank of England that provided the calming effect the economy needed and helped to halt the tailspin the pound and the FTSE had entered. Mark Carney?s response was measured and credible and proved that his appointment was the correct one. So, if we can follow Carney?s lead and inject a little bit of stability then the business cycle can keep on spinning. After all, life has to go on and we have to react to what?s thrown at us.? Businesses, wherever possible, have to get on with the job in hand, stay focused on keeping their operations going and moving forward.? Read more from Charlie Mullins:- Entrepreneurs like risk, but leaving the EU is a leap into the dark
- How a dress code portrays a business
- Remain relevant or be consigned to history books
Brexit: We’ve jumped off a cliff and need to build a parachute on the way down
Share this story