Brexit Uncertainty Weighs on U.K. Businesses
Companies that do business in the U.K. face a long spell of uncertainty after the electorate voted to leave the EU in June. The exit process could span years as the government negotiates a new relationship with the bloc and the rest of the world, affecting financial-services firms for which continued access to 27 markets remains uncertain. While the legal implications remain largely unaddressed - as politicians wade into unchartered territory, it is likely regulatory divergence across Europe will rise. Jefferies International Chief European Economist David Owen discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."