- Jan 18, 2009
- 4,886
Of course no company is going to jump at the present time given that Article 50 has yet to be invoked and the outcome of whether we are in the single market or not is unknown.
However if the access to the EU market is not as free as it is currently then those that wish to have full access to the EU will need to establish premises in the EU, so stand by for job losses
I don't disagree with your first point, and this will evidently take some time.
Whether or not the UK has free access to the single market as many other countries already do is a moot point currently, however the developing political environment in the EU is another moving part that will have a significant influence on the nature of a) what the deal will look like and b) what that means for corporates if they want to relocate.
There is no doubt that all is far from well on the continent, and it is likely there will be a new government in France next year and at best a much weaker Merkel government in Germany due to dissatisfaction on a number of matters, including how the migration situation is developing in the EU.
Italy has a huge unresolved banking crisis and is currently dealing with up to 10k migrants from North Africa a day. The country has a referendum in October which if the government loses it will drive a new general election. An anti EU party which has a policy to have a referendum on the euro is currently lying second in the polls.
People can bleat on about how bad it is here in the UK but that does not mean all is well in the EU.........it's not, and far from it.