The Road Ahead After Brexit: A Global Services Perspective on the Impact of the Change
The United Kingdom voted to leave the European Union (EU) in the Brexit referendum held on June 23, 2016. The vote came as a shock to the global community, and even though some time has passed since then, future relations of the United Kingdom with the European Union and other nations are still mired in uncertainty. The UK government seems all set to stick to the earlier commitment of triggering Article 50 by March 2017, and starting the two-year negotiation process with the European Union EU to finalize the Brexit deal terms by 2019.
Likely changes in the regulatory/policy and business environment could have a significant impact on the global services market and force companies to relook at their service delivery strategies. Although negotiations with the European Commission are yet to start, and the final shape of a post-exit Britain is uncertain, this paper analyzes the potential long term (post-Brexit) impact on the delivery locations strategy for companies.