UK in shock, but positivity and calm now needed
This morning’s decision by the people of the UK to leave the European Union will be celebrated by millions, but has also left millions in shock—including many of those who voted to leave as a protest without thinking it would ever really come to pass.
Friday, 24 Jun 2016 13:05 GMT
The decision by the United Kingdom to leave the European Union will be marked forever as a moment that changed the role it plays in the world, whether that role is strengthened or diminished remains to be seen
The next two weeks will see whether this referendum vote will make or
break the UK. The Pound has fallen by 10 percent and the FTSE 100 fell
by 8 percent on the news. The latter has recovered a little, but it says
very clearly what investors and foreign markets think of this decision.
The Government and our biggest businesses will now go all out to
stabilise things, and this is a very critical time for the future of our
country. If the Pound and FTSE remains consistently depressed for
another two weeks, then it indicates we will be in for some very hard
work to find new resources to underpin our prosperity as a nation. It
will also start to create a self-fulfilling prophecy were a depressed
Pound and FTSE will spook further investment, and so keep it depressed.
My strongest possible advice would be for the graphic arts and visual
communications industries to remain calm, continue to work strongly and
positively, and not change their strategic direction until it becomes
very clear how this vote will affect our economic future. We now need to
pull together and retain our positivity 100 percent, and remember we
are a very strong nation with an incredible wealth of national and
international resources that will ensure we come through this period to a
strong future. As a country now we need to show the world that we
remain a global power and that their investment is safe with us.
My strongest possible advice would be for the graphic arts and visual
communications industries to remain calm, continue to work strongly and
positively, and not change their strategic direction until it becomes
very clear how this vote will affect our economic future”
After some initial canvassing this morning, with more reaction to come
throughout the weeks ahead, the first major industry commentator to
weigh into the fray is Marian Stefani, chief executive officer of the
Independent Print Industries Association (IPIA): "Our membership views
reflected the division in the country and this is what happens in a
democracy. Personally I sincerely hope that with such a close result it
is the start of productive negotiations where both sides see the
advantage of working together to reach the best relationship we can
going forward.”
David Catanach, the director of the British Sign and Graphics
Association (BSGA) also weighed in: “We have done it now, and now it is
all about what are we going to do. I think business in our industry will
continue regardless and that we will still maintain the regulatory
standards and regulations that we have picked up along the way and
possibly improve upon them at our own space, speed, and requirement. The
majority of sign and print industries don’t really export, so this will
not be the major issue, but import tariffs will need to be very closely
watched.
“There will undoubtedly be turmoil for a while, but once people begin to
realise that life will carry on, it will stabilise and investment will
pick back up again. We really must not talk ourselves down, if we think
negatively then that will be the outcome. Everyone has to have a
positive mental attitude to ensure that we come out of this in the right
direction.
Do not panic is my very strongest message, but I would advise that you
think about a set of plans and strategies that you can put in place that
will react to the most likely pathways this decision will take us on”
“You cannot just keep saying we should have stayed, the fact is we are
leaving, now we need to make the very best of this situation. The next
two to four weeks will be hard for many businesses that were waiting on
investment decisions, as the leave vote will of course make people
hesitant to commit funds until they know where the economy is headed.
“I am hesitant to to say keep calm and carry on or I will get some mugs
thrown at me, but that is my best advice. It is very difficult for any
business person to predict what will happen in the next two years, what
may be certain to change is tariffs on imports. Do not panic is my very
strongest message, but I would advise that you think about a set of
plans and strategies that you can put in place that will react to the
most likely pathways this decision will take us on.”
With more reaction to come in over the coming days and week from around
the industry, we will keep you right up to date with real opinion,
business insight, and analysis on how this historic vote is likely to
affect our industry.
If you have an interesting story or a view on this news, then please e-mail
news@signlink.co.uk
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