In an effort to keep you up to date with the very interesting times we live in, you may be interested to have a closer look at what ‘Brexit means Brexit’ really means, particularly in relation to markets, savings and shares.
Firstly, we now have an idea of the current timetable for leaving the UK, since the announcement at the recent Conservative Party conference, that Article 50 would be triggered by the end of March 2017. Under the current timetable this means the UK will leave the EU in 2019.
The type of Brexit we will have, will be determined by whether we have a ‘hard’ or ‘soft’ Brexit. Essentially, a ‘hard’ exit will result in trade being governed by World Trade Organisation rules rather than EU rules and ‘soft’ will mean we would remain in the European Economic Area, in return for paying into EU budgets and accepting the movement of goods, services, capital and people.
As always, please do remember to call your Cullen Wealth consultant, if you have any questions specific to your pensions and investments.