4 ms·

Except all the extra costs and red tape when doing business with the EU.

• mytailorisrich 3y ago
  Which depends on the business and, again, which is not a killer issue when you are doing business globally... For instance, in financial services the UK is still the world first exporter and does more business with the US than with the EU to begin with: doing business with the US is also 'extra costs and red tape' and yet it is thriving...
  • phatfish 3y ago
    London is likely going to be the least effected area of the UK by Brexit, which is ironic given the leave/remain vote distributions. The real problems are not for global businesses, but for small businesses that lost access to a market around the size of the US (on their doorstep no less) with effectively zero trade restrictions. Global businesses can eat the red tape required to access external markets, others take a hit to profitability or simply can't survive selling into the UK market alone. Hopefully this can be slowly reversed otherwise the UK will see a drop in home grown businesses that had the potential to grow organically and stay based in the UK. I foresee small businesses getting bought out more frequently by overseas competitors because they couldn't grow fast enough in the UK alone.