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Two years since the UK voted to leave to leave the European Union, little remains clear about how the country will proceed in its future relationship with the rest of the world. The shock result was a major political earthquake, a huge vote of no confidence in the UK's leadership and a rejection of its approach to the world stage. The vote leave did not reflect any particular national mood but rather represented a majority of people who were fed up with the direction the country is going. There is little appetite for new policies or big deals with the EU but there is certainly a will to make changes. Whether this will lead to the formation of a new government or a new constitutional order in Britain will be determined by the new mood of the people.
The UK economy thaws out in April with indicators suggesting that the global climate may have affected the performance of businesses. According to the economists' survey, the share prices of British companies are likely to fall, and manufacturing is expected to contract. However, manufacturing is one sector that is expected to show growth in the coming months, as the global slowdown may well prompt more companies to reduce prices. Meanwhile, consumers may also begin to feel the pinch in light of higher food costs, higher borrowing costs and cutbacks in some economically vital services.
