By Adinah Brown

The UK might have thought that it was the cool kid on the ‘bloc’, making a dramatic exit that would perhaps be followed by tears of those remaining, but the reality is that they haven’t had it easy since they decided to leave the European Union.

Britain looks today a lot less appealing to investors than ever before. Following Theresa May’s and the Conservative party’s quick election to deliver a mandate for Brexit, it seems that Britain’s Brexit minister, David Davis, is carving a path to leave the single market, despite many hoping to have a “soft Brexit”.

There are quite frankly many things debilitating Britain’s economic outlook. Let’s start with the fact that Theresa May is incredibly weakened, and while there is talk of another election, the Conservative party would be silly to want one since it might lose, plus changing PMs in the middle of Brexit negotiations could be truly destabilizing. This scenario provides investors two lose-lose choices really: a weak Conservative government, or the possibility of a Labour government that plans to raise taxes on corporate profits and financial transactions, and nationalize several critical industries.

Add to this that since the Brexit vote took place, the British economy has been slow, wages are being squeezed, the pound has fallen and a loss of business confidence is prevalent. The reality is that in the UK, the pessimists are outnumbering the optimists.

To top it all off, the The European Court of Justice has just ruled that each single national and regional parliament across the EU must approve new trade deals with Singapore, which could set a precedent for how the UK will be treated during its EU negotiation. While the government had promised voters all of the benefits of European Union membership with none of the costs and hardships, this may become hard to achieve, something that would compromise even further the popularity of the current government. If in fact Britain’s post-Brexit trade deals will require approval by every government individually, including those who were of the opinion that the UK should be punished for leaving the Union, Jeremy Corbyn might be the next British PM.

So long to Tony Blair’s Britain where foreign investors and capital were welcomed. This is the Brexit era.

About the Author:

Adinah Brown is a professional writer who has worked in a wide range of industry settings, including corporate industry, government and non-government organizations. Within many of these positions, Adinah has provided skilled marketing and advertising services and is currently the Content Manager at Leverate.