|The Impact of Brexit on the UK Economy and Industry|
A recent client briefing hosted as part of Frost & Sullivan's Growth, Innovation and Leadership (GIL) Council suite of events, demonstrated that the impact of Brexit is already being felt in the automotive and healthcare sectors in light of a massive drop in foreign direct investment in the former and a calamitous collapse in the number of foreign nurses joining the NHS in the latter. Audience members shared the steps they are taking to protect themselves against a No Deal scenario, with stockpiling of products a key (but hard to implement) tactic.
A straw poll indicated that all attendees expect that the EU and UK will agree a deal ahead of the Brexit deadline in March 2019. The details of that deal are pure speculation, but it was agreed that the UK government should take Brexit as an opportunity to leverage its core strengths of world-class R&D, technology expertise, a flexible labour market and its strategic location linking East with West to create new industries which will meet the needs of tomorrow.