Just like after the result was known, at this moment in time we still do not know what will happen – but rather than panic and make rash decisions, we all should take stock of what we have and what can be improved in our businesses as we wait for the actual effects of Brexit to transpire. Being a relatively easy change, one that will help to boost productivity and general morale in these arguably difficult times, something like an office refurbishment in Mayfair will have a massive impact for those who need one.
The Fall In The Pound.
Though expected, it's the sheer fall in the pound since Brexit that has surprised some – just like the result of the vote itself, it has produced a mixed reaction. Obviously, the fall in the currency says that British goods and service will cost less, meaning that business will have to sell more just to break even. It's the waiting that's affecting them too – not knowing which way to turn before the start of this new era, isn't an ideal way in which to set a long-term plan in regards to their business.
On the other side, however, the fall also suggests that more overseas businesses will be interested in investing in the British economy, thanks to a more favourable exchange rate. As an example, the BBC has recently reported that tourism in the UK has seen a vast increase since the vote to leave – with such encouraging numbers, it isn't implausible to suggest that a similar effect could transpire for businesses once the true outcome of the exit is known.
At this moment in time, the bottom line is that we will not know whether Brexit will really be a success or not in five, ten perhaps even twenty years after we've actually left the European Union. What's important at the moment, is that businesses put in place a number of contingencies that cater for all eventualities. One of these, of course, can be an office refurbishment in Mayfair.