Brexit Impact Assessment 'don't exist'... You read that right.
It is all doom and gloom. Today, we found out that the Impact assessments of Brexit on the UK 'don't exist’ according to Brexit Secretary David Davis. News like this creates absolute uncertainty for everyone; it creates particular uncertainty for businesses looking to invest in the UK. This is because with everyday that goes by it becomes more apparent that the British government are at wits end with Brexit; and understandably so. Brexit itself is unchartered territory. It is also increasingly apparent that the EU are highly unlikely to afford Britain a completely comfortable exit, therefore ensuring some sort of hit on the British economy. The extent of the hit is what will worry many businesses looking to trade within the UK as well as the EU. With the BREXIT SECRETARY himself so far failing to complete an impact assessment, this should bolster further negative speculation and worry all stakeholders.
I don't think they realized what sort of impact it would have at all. I think it was more of a nationalist and prideful decision then a rational one. To say that the assessments don't exist is hilarious. I think it really shows how governments don't always have the peoples best interest in mind. Call me pessimistic about government I guess. Maybe I've lived in the US too long!
ReplyDelete