And so we have a result. A moment of political history as the UK has voted by 52 per cent to 48 per cent to leave the European Union, with Wales and the majority of England, outside of London, backing Brexit.
The prime minister has resigned, the FTSE 100 is down and the pound has fallen. The markets are volatile in what is most definitely the start of a period of uncertainty and business leaders and group opinions are now pouring in.
Carolyn Fairbairn, CBI director general, is quoted in today’s Telegraph as saying; “The urgent priority now is to reassure the markets. We need strong and calm leadership from the Government, working with the Bank of England, to shore up confidence and stability in the economy.”
This is echoed in the immediate comment from Dr Adam Marshall, British Chamber of Commerce acting director general: “Business will want to see a detailed plan to support the economy during the coming transition period – as confidence, investment, hiring and growth would all be deeply affected by a prolonged period of uncertainty… The health of the economy must be the number one priority – not the Westminster political post-mortem.”
Stability is an absolute necessity in this immediate turbulent climate that we find ourselves in. As an industry, we are used to dealing with periods of uncertainty and there are many operators within building, fit out and FM that have proven themselves adept at adapting to survive during challenging times.
However, right now, the time is to focus on the economy. Its status will be crucial to all business transactions in the coming weeks and months and a question mark is expected to sit over inward investmen
Let us however remember that we’re a strong nation that rises to its challenges. We are a democracy and we, as a nation, have made this momentous decision. It’s important, now, that we look forward and unite once again, standing together to face the future positively.