Finanzas Globales

BBC News - How has business been affected by Brexit so far?

jueves 21 febrero, 2019

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BBC News - How has business been affected by Brexit so far?

With two months to go until the UK is due to leave the EU, how are firms and the UK economy faring?

The economy’s «resilience through the turbulence of the Brexit process has been particularly noteworthy», according to Chancellor Philip Hammond.

But some businesses claim to have been put under unprecedented pressure.

What is going on?

It’s impossible to put absolute numbers on how jobs, output and investment have been affected so far.

No one knows how these will have fared had the outcome to the referendum in 2016 been different.

Other factors have influenced the business environment – not least slower growth in the likes of China and Europe

But there is a range of evidence that can give us an idea of how UK companies are faring.

Have companies cut or moved jobs?
On the face of it: no.

The number of people employed is at an all-time high. But there’s a lot going on under the surface.

Banks’ contingency plans mean setting up alternative bases in the likes of Frankfurt, Paris or Dublin. Individual banks are coy about revealing too much.

But reports about banks such as Morgan Stanley, Barclays and Bank of America moving, or creating, hundreds rather than thousands of jobs at those sites suggest the total affected in the City is much smaller than the 65,000 or so predicted by some immediately after the referendum.

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