Brexit has impacted the financial services industry on multiple levels, from influence over EU regulation to employment. In the short term, impact has been minor on the financial markets as many businesses have planned for relocation in the event of Brexit. Although, the impact has been significant on the businesses themselves as resources have been diverted towards Brexit planning. In the long term, the extent of the impact on the British economy will be dependent on the accessibility of the EU single market.
Key learning objectives:
Explain the short and long term impacts of Brexit on the British economy
Outline how Britain has previously been able to influence EU regulation
Explain the impact of Brexit on individual businesses