What to expect if we remain in the EU

All ready for a no-deal exit? Good. But it’s not the only outcome you had better brace yourself for, says Matthew Lynn.

Pro-remain protester © Alamy

Remain may yet win
(Image credit: Pro-remain protester © Alamy)

Just about every company at least you would hope has by now put in place plans for a no-deal exit from the EU. But now there is something else argh! they have to plan for as well. Revoke and remain. The Liberal Democrats this week committed to revoking Article 50, cancelling the referendum result and staying in the EU (see page 8). The odds are not high that they will win the power to do this, but a Lib Dem-led or "national unity" government committed to it is not exactly inconceivable either. You might think business doesn't need to plan for that that it is just the status quo and everything will carry on as before. But in reality remaining will have a big impact. This is what businesses must prepare for.

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Matthew Lynn

Matthew Lynn is a columnist for Bloomberg, and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years. 

He has written books on finance and financial topics, including Bust: Greece, The Euro and The Sovereign Debt Crisis and The Long Depression: The Slump of 2008 to 2031. Matthew is also the author of the Death Force series of military thrillers and the founder of Lume Books, an independent publisher.