The March 29 deadline for Britain’s exit from the European Union, known as Brexit, is fast approaching. Meanwhile, the future of business relationships with the U.K. hangs in the balance.
RSM US Chief Economist Joseph Brusuelas is betting on an extension, despite assurances from Prime Minister Theresa May that she can garner enough votes in Parliament for the U.K. to exit the EU later this month.
“What we think is that this likely will get kicked down the road,” says Brusuelas in a new video detailing considerations for U.S. companies doing business in the U.K. “We want all of our clients to begin thinking about stress testing their balance sheets.” To prepare for Britain’s potential departure from the EU trading bloc, businesses should review everything from licenses and regulations to supply chains, currency hedging strategies and more, he says.
This informative video provides a thoughtful overview of the key considerations associated with Brexit.