Brexit – When Will Limbo Land Ever End?

By Wendy Harding

Category:
Industry Trends

According to the dictionary the definition of limbo is:

Limbo: noun“in limbo, in a state of uncertainty, neglected, up in the air, in abeyance, betwixt and between, not knowing whether one is coming or going”

Brexit - the withdrawal of the UK  Brexit.JPG“In limbo” is a very accurate description of the feeling in the UK at present. The frustration is the same, regardless of whether you voted to leave or remain in the 2016 referendum. It feels as though nothing productive has happened regarding negotiations with the EU for over 2 years, then all of a sudden, when we are within touching distance of our original “leave date” of 29th March 2019, panic has set in and we are going nowhere fast.

This uncertainty is very unsettling for everyone, but for businesses it is having a major effect on their investment decisions and confidence level.  Depending on your business model, Brexit could have positive as well as negative effects, and most businesses feel they can cope with this as long as they have clarity of the plan going forward.  This unending uncertainty does not allow them to move forward and make contingency plans.

Since the referendum in June 2016, there have been numerous predictions of economic doom and gloom, none of which have so far come to pass.  People and business alike are losing confidence in the so called “experts” as the story keeps changing. 

Now, the UK Government is talking to the EU about an extension, but still without a clear vision of the end game.  What the UK – and I am sure the EU – want is for a decision to be made and for us to all to move forward with a mutually beneficial arrangement for the UK and all the countries remaining in the EU.

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