The news appears to be an endless flow of the economic crises we are facing due to the shock exit from EU. However, rather than wallowing in the uncertainty and shocking statistics, there are some exciting opportunities that equally deserve attention.
Global Trade Deals
Chancellor Phillip Hammond recently made a trip to begin discussions on an ambitious free trade deal with China, one of the UKâ€™s greatest inward investors. This trade deal could potentially see an increase in access for major Chinese banks and businesses, in exchange for reduced barriers to Britainâ€™s service industries and goods. Earlier this month BBC news also reported on Australiaâ€™s offer for a free trade deal, which politicians are noting as extremely encouraging. These developments highlight the potential of exploring new opportunities across the world, which could lead to exciting long-term benefits.
Rebooting of the Economy
Although the uncertainties incurred from Brexit are daunting, many officials argue that they are motivating a close analysis of the economy and a heavy investment of resources. This allows any structural weaknesses to be addressed, as well as much effort being devoted to creating a strong foundation from which a truly global market can be accessed.
The technology sector is one that thrives from innovation â€“ something that is heavily emphasised within the strategies stemming from Brexit. It is extremely adaptable and, with the new generation of digitally skilled workers, it will underpin the extension of Britainâ€™s economy into a global market. This is likely to result in an increase in inward investment, enabling the sector to evolve and flourish.
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-Â The KFS Group Blog Team