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Anonymous
Theresa May has been making headlines following the news of her departure as Britain's PM. I don't know about other Singaporeans but this paints a really uncertain future for me from Singapore's POV. What do you all think will happen after this? For Brexit & the EU? For the rest of Britain? And for the rest of the world?
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Cryotosensei
08 Jun 2019
Blogger at diaperfinancingfund.blogspot.com
There‘s an article 50 petition that advocates the cancelling of Brexit which has attracted more than five million signatures. However, it’s unable to yield any impact since more than 17 million people voted for Brexit
so, one thing’s for sure. Theresa May’s successor will continue her work and negotiate with the EU for Brexit to happen. So, either a hard Brexit or no-deal exit will happen
given Theresa May’s sudden departure, the chances of a no-deal exit increases. There’s a comprehensive article in the Financial Times that analyses why a no-deal exit is probable (https://www.google.com.sg/amp/s/amp.ft.com/cont...)
given such volatile times in Britain and the EU, I‘m sure entrepreneurial well-endowed Chinese businessmen and investors will seize the opportunity to expand their business operations and purchase properties in this part of the world. if we refer to YouTube, there are already videos that depict how old-time Canadian residents lament the encroachment of Chinese businesses in their town and on their way of life. These businesses only hang Chinese signs outside their shops, effectively alienating the local people. I feel the same thing will happen in Britain 🇬🇧
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My opinion is that a hard brexit is likely to play out. EU not likely to do any further negotiation...
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It’s hard to predict the market. what we can do is save and invest prudently.