Leaving the European Union will have a huge effect on you as an individual throughout your working life. It is impossible to say exactly what that effect will be, because Prime Minister Theresa May and the newly formed Department for Exiting the European Union will take at least 2 years to complete the UK’s departure.
In the immediate aftermath of the referendum, a YouGov poll showed that the number of businesspeople reporting a pessimistic economic outlook had almost doubled — from 25% to 49%. At the same time there was a significant fall in consumer confidence. It is widely assumed that confidence feeds directly into investment and spending decisions, though it’s hard to find strong evidence of this. Most firms and most households respond to real pressures (such as higher interest payments if the interest rate rises) rather than psychological ones.
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