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Banks BHG Respond to EU Referendum Result

Neil Elsden, director at Banks BHG charted accountants in Swindon said:

“Obviously this is a big decision the country has just made and we will need to let the dust settle from all of the potential ramifications. The biggest concern in the immediate aftermath is the reaction from the markets but we would expect any falls to recover once everyone has taken time to reflect. There are unlikely to be changes made quickly and whilst this potential uncertainty could be considered unsettling the longer it lasts the more it will be considered the default state of affairs and the less unsettling it will be.

“In the medium term there may well be leadership challenges in both the Conservative and Labour Parties but a change in Prime Minister would not be expected to see any significant shift in Conservative Party policy as much of this is set by the 2015 Manifesto. There may also be calls in Scotland for another Independence vote once the demographics of the vote have been analysed.

“Longer term it will be up to those charged with negotiating the terms of Brexit that will determine how things go.”

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