Brexit Business

How Has Brexit Affected Air Conditioning Companies?

Air Conditioning companies have just experienced a huge downfall, as the United Kingdom’s vote to leave the European Union leaves the door wide open for potential competitors from the United States. One of the biggest air conditioning companies in the UK, AC Master International, has already said it is “evaluating all possible strategies” after the U.K.’s exit from the European Union. While this leaves a huge opening for other businesses, what is the impact on air conditioning companies in the U.K.? How will they be able to keep their business afloat during this troubled time? And how do you, as an air conditioning company, know which companies are really offering the best deals? What Have We Learned Well, firstly, the fact that there are many American-based air conditioning companies in the U.K. This is obviously great news for those residents of Britain, who are struggling to pay the ever-increasing cost…

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Brexit Business Economy

UK Economic Impact After Leaving the European Union

One of the most immediate economic changes to the UK post BREXIT has been the devaluation of the pound. This has had a major negative impact on consumer spending and the economy overall. However, there are some signs that the economy is still recovering, even after the recent fall. One of the reasons why this may be the case comes from the study of economics after the Financial Services Commission’s vote to put limits on pay packets and bonuses. The FSA has since tightened up its restrictions and while this has slowed down spending, it hasn’t dampened growth in the same way as Brexit did. What Economic Changes Are Occurring? So, why is there a delay in consumer spending? Consumer spending traditionally reflects economic conditions rather than our personal preferences, so it is often the case that people simply wait for an economic indicator to emerge before they decide to…

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