Tagged With brexit

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As the initial shock of Britain's decision to leave the European Union sinks in, it's time to assess the details and look to the future. There are certainly more important concerns, but if you're planning a trip overseas, one of yours may be, "How's this Brexit stuff gonna affect my holiday?" We've got answers.

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Brexit already brings much economic damage to the UK, and will do so to global economic growth as a whole. The UK’s coveted AAA credit rating has now been downgraded by Standard & Poor’s; uncertainty is hitting sharemarkets; and the pound sterling is at a 31-year low. Impacts are not restricted to this. Australia has about 1500 UK-based companies as a "springboard" into the Single Market, using the UK due to close linguistic, institutional and historic linkages. Our best option right now is to form a trade pact with the EU. Here's why.