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The Practitioner: Voting ‘Out’

The Practitioner

THEY say a change is as good as a holiday. Just what the potential change in our EU status will do to the price of our holiday’s remains to be seen however.

I did my best to keep out of the Brexit debate leading up to the vote, instead taking the stance of posing the question back to clients. It has been interesting to hear client’s perspectives on how they have voted and the reasons for it. I’ve been surprised by some clients decisions but not others. If I was doing a survey based on my client’s votes I would say 80% voted out and 20% voted in. We have a broad spectrum of clients across the UK, and of those we voted out I can safely say none of them are either thick or racist, despite what we are led to believe about ‘Out’ voters.

I also don’t mind saying that I voted ‘Out’, and I am certainly not racist.

Since the vote, as I suspected would be the case, life goes on for all my clients. The more high net worth ones have complained slightly about how the mortgage on their overseas properties are now costing them more, but for the majority of them its business as usual.

As I said before the vote happened, no one can honestly say how an ‘Out’ vote would affect the country in the long term, and I say the same now after the vote.

I consider myself a problem solver and thus always look out for positive signs in general. One such highlight that has caught my eye since the vote is the proposed cut in corporation tax to 15%, not to mention the rumoured cut to interest rates. The corporation tax cut has to be a good thing to try to keep or attract new investment into the country, and a drop in interest rates should go some way to mending consumer confidence (if it has indeed fallen).

It’s certainly interesting times for the country in general but as I say, business as usual is at the coal face.

The Practitioner’s uncensored thoughts come from within their own practice – having left a regional firm in the heart of England

 

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