The impact of Brexit
During the lead-up to the referendum it was said by numerous individuals that leaving the EU would affect the love of a lot of people and could perhaps lead to a great deal of changes to our everyday lives. The reasons centred around the economy, property and immigration but nobody specified when we were likely to see these supposed changes. In the months following the vote to leave there was a great deal of anxiety about what exactly was going to happen to the UK and this content is going to investigate what changes we have seen so far. Continue on to discover more.
Among the first things which was said to be probably affected by the Brexit vote was the property market, it was suspected that by exiting the European Union the price of houses would drop as Britain turned into a less popular place to live. Multiple property specialists have written about the impact of the vite including [%20http://www.tonyfreeman.co.uk/decision-leave-eu-impacted-london-property-market/ Tony Freeman], a management consultant, who has proposed that even while the price of property may have dipped this will not likely last as there is still a high demand for property. The uncertainty of the referendum has certainly impacted the price of property, however, it is likely to stabilise soon.
The FTSE 100 has seen a dip since the referendum result however it is believed that this was quickly recovered from. Conversely, the FTSE 250 is supposedly struggling to recover at the same rate, this is more than likely to be because it includes a greater number of companies and also that many of these build their income within the United Kingdom as opposed to abroad. Martin Belam is a journalist who has covered much of the Brexit fallout and has written a number of articles discussing the impact on the economy. He covered the fall of the pound's value which was said to be one of the most worrying impacts of the vote.
The main, and probably most clear change, after the Brexit vote is the change of Prime Minister. The set-up of the cabinet saw a great amount of change with the introduction of a new PM, with a mixture of leave and remain campaigners taking up new positions. For example, leave voter Priti Patel has taken on the position of International Development Secretary following a year as employment minister. These changes have been seen as a shake-up for the new government following such a big change for the nation. It is probable that these changes have been necessary to create a cabinet which reflects the fresh start needed following such a pivotal vote.
