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.

Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.

One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.

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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.