You may be thinking that Brexit is no real concern of yours.
You're not based in the UK, or in any other EU state for that
matter, so there's no need to spend any more time thinking
about it, right? Wrong. Astute businesses in Singapore should at
the very least be aware of Brexit and its potential implications
for them (both positive and negative).
So what is Brexit?
Brexit, in short, is the UK's legal exit from the EU, a
political and economic association of (currently) 28 European
countries with the objective of ensuring free movement of people,
goods, services and capital within its member states. Bre0078it was
initiated following a public referendum in 2016 in which the UK
population narrowly voted to leave the EU. Many reasons are
proffered for this surprise outcome, but the growing feeling of
resentment from certain sections of British society towards
unelected bureaucrats in Brussels (EU headquarters) is one of the
most commonly cited.
