Brexit Overload? 4 Key Questions after Britain’s Vote to Exit the EU

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What About Residency and Employment?

Companies began to grapple with how much of their operations will stay in Great Britain once the results of the vote were announced. Much will depend on the stance EU and U.K. politicians take in the coming months.

Change is clearly in the air and will almost certainly have to be made in order for companies to continue trading and making deals across the newly fragmented bloc of countries. In the meantime, there are a number of cities that are already vying to compete against London as financial hubs, but none of them is ready for assuming the role at this time.

Many companies with a substantial presence in the United Kingdom have already told their employees that a large number of them will face relocation. Even smaller companies that do most of their business in the European Union have announced plans to move their entire operations to another member country.

BOTTOM LINE

Brexit was not just a vote about membership in a club. It speaks to far deeper issues about national, cultural, and social identity, Britain’s role in the 21st century, and the future of the European Union itself.

(Photos: Accura Media Group)

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