The main issue with Brexit is uncertainty. It is a known unknown and nobody can specifically tell you what will or will not happen at this stage.
Currently the lack of certainty in markets gives the illusion of inertia, though truthfully it is difficult to really pin down if it is currently having a deeper impact. The economy is performing better than the Treasury forecasts stated they would before the referendum. Some considerations UK pensioners in Europe currently do not know if they will retain the same annual increases and health care rights they presently enjoy under EU rules.
People currently planning to retire to the continent may need to have other arrangements under consideration. Companies may be delaying projects (construction, deals and leasing etc) until they have regulatory certainty. Large industries such as transport and international finance are vulnerable to changes in international regulations and treaties.
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Martin Ross is a mortgage adviser with over 30 years experience in Financial Services working for Lloyds TSB and NatWest as a retail branch manager through to senior business manager. He lives locally with his wife and family enjoys golf when time allows.
