It’s almost been two months since the shock Brexit result in the UK’s EU Referendum; the result where the UK voted to leave the EU. Gareth looks at what has happened since then.
It’s been a rocky couple of months, and, yesterday, the BBC reported on the impact to the UK economy so far. In summary:
It doesn’t sound as though the UK economy has fallen off a cliff, but it also doesn’t sound as though we’re in rude health either.
As for YellowDog and our customers, one of the most worrying thing we observed was a 20% decrease in people searching for terms relating to our business in July. This was a sharp decline and I’m very interested to see what the results for August look like.
Our customers have been telling us a few interesting things:
The other impact is reputational. I’ve always been very proud of how the UK felt as an outward looking country – contributing to and helping to shape international, creative, political, humanitarian and economic projects. When I’ve been talking to some of our European partners and customers, they have no doubt that the UK will continue to innovate, despite leaving the EU. I worry that we won’t have the influence that we have at the moment.
Either way, with every major change there’s an opportunity. And with the UK now looking more attractive to foreign investment, maybe everything will be okay.
Time will tell.
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