, Columnist
Brexit Dreamers Get Smacked in the Face by Reality
Carillion tumble shows struggles for U.K. contractors trying to deliver "Global Britain."
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Brexit's fans in the (just about) ruling Conservative Party like to talk about their hopes for a "Global Britain" after the country quits the EU. In this happy land, lucrative trade deals will be struck abroad -- benefiting the nation's industries -- while the government opens the spending tap and splashes out on domestic infrastructure.
Unfortunately for the companies that might have looked to exploit this once-in-a-lifetime opportunity, what we have instead is a prolonged period of political stasis and the knock-on impact that will have on big projects and spending plans. For many in the support services and outsourcing industry, it comes at an already difficult moment.