In July 2016 global corporations assess the material consequences of Brexit. Analysis published by The Economist (9 July) highlights the likely implications for diverse industries. These include European multinationals with investments in an economy that holds some 7% of world FDI. Worries about different regulations applying in the UK versus EU affect especially industries such as ICT (transnational data transfer), airlines (open continental operations), manufacturing (cars, aircraft, etc), energy (cross-border electricity investment and trade), pharma (patents systems) and chemicals (EU REACH framework). These include industries using the UK as an export hub, whose investment planning for the next two years and after faces the additional complication of currency fluctuations (GBP versus Euro). Germany’s BASF for example runs 10 plants in the UK and about 80% of what it produces there is exported to Europe.
Menu
