The probability of a hard Brexit is very much higher now than it was immediately after the referendum, despite a rumoured eleventh hour softening of May's tone ahead of Wednesday's invocation of Article 50.
UK commercial property values increased by 2.4% over the first six months of 2016, according to the IPD All Property Index. Yet these gains were eradicated in the immediate aftermath of the EU referendum — the index fell by 2.8% in July alone.
With 50 days until the Referendum, James Hedley, investment director, hosted a capacity event entitled, ‘Brexit – Exploring Myths and Facts’, in Liverpool.
Investment Perspectives: What is fact and what is fiction? That question has never been more pertinent as the UK weighs up the arguments ahead of the In/Out referendum on 23 June.
Our report specifically looks to address five myths around key areas of the Brexit debate: immigration, trade, financials, public finance, and foreign investment.
Myth 5: foreign investors will withdraw from the UK if it leaves the EU.
Myth 4: The UK's budget balance would improve substantially if we leave the EU.
Myth 3 - Swiss financial services have thrived outside of the EU: this could be a model for the UK.
Myth 2: The UK's trade balance will collapse if we withdraw from the EU.