Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Brexit

When will we actually know?

51 replies

MrsSpenserGregson · 28/01/2019 12:17

When will we actually know for sure if we are leaving on 29th March or not?! And if we are leaving, when will we know what the actual deal will be?

Gahhhhhhhhh

(I realise this is a highly over-simplistic question, but I'm no politico and I need someone to tell me in simple sentences please!)

OP posts:
EdwinH · 29/01/2019 17:19

At some point, businesses may force action.

Hundreds of them, maybe thousands, have already triggered contingency plans. You may have seen the stories in passing of jobs being cut or personnel moved to the EU27, and especially in the financial industry there's a lot of asset transfers going on, with capital flowing out of the UK.

But so far there haven't been any showstopping household names that would make the average person in the street sit up and shout "Woah! Wait a minute. What are we doing?!"

If one of the big car firms, for instance, brings forward its plans and exits the UK market before Brexit Day arrives, that would be something impossible to brush under the carpet.

So the closer and closer we get to 29 March without a resolution, the more other firms are going to stop planning and start acting. All the largest companies already have Brexit contingency plans sorted out, there's no doubt, but as yet only a minority have executed those plans.

And once the trickle of bad news becomes an avalanche, once the dam bursts and firms see their competitors coming forward and saying "We're taking XYZ action", that's when something will have to happen.

If Theresa May runs the clock all the way down to Brexit Day then, even if she revokes Brexit at the last possible minute, we will see the ripples of that dithering and can-kicking spread throughout the economy.

New posts on this thread. Refresh page
Swipe left for the next trending thread