Member Article

Exit vote should mean end to economic uncertainty

DEBORAH Lockwood, of Sheffield insolvency practice Graywoods, says that the vote by the British public to leave the EU should finally put to rest the uncertainty that threatened to destabilise the UK economy.

“Only recently the Bank of England highlighted that some decisions, including those on capital expenditure and commercial property transactions, were being postponed pending the outcome of the vote,” she pointed out.

“The Bank of England’s announcement also came only shortly after the British Chambers of Commerce reported that confidence and investment amongst business owners were at a low ebb, so any added uncertainty over Britain’s future in Europe would have been an extremely unwelcome negative factor.”

Deborah added, however, that the outcome to the referendum finally brought a sense of renewed certainty to the future.

“The crippling uncertainty over the outcome of the referendum is behind us and the result allows us all to plan for the future,” she said.

“It’s time to think positively about the coming years and if you are struggling as a company, now is the perfect time to seek professional support and maximise on the new mood of confidence that is likely to follow this major decision for all our futures.”

This was posted in Bdaily's Members' News section by John Highfield .