The British Prime Minister, Theresa May gave a much-anticipated speech on Tuesday signalling a hard Brexit, saying there is no way the UK could remain a member of the European Union (EU).
Dennis Dykes, Chief Economist at Nedbank, says May was very clear in her speech that they are leaving the EU.
From a South African point of view, the positive outcome is that although they are leaving the EU, they are certainly not leaving Europe and not moving toward a de-globalisation, says Dykes.
The Message from Theresa May yesterday that we want to extent our trade relationships, we want to remain a global player and we are going to continue for free trade...— Dennis Dykes, Chief Economist at Nedbank
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This article first appeared on CapeTalk : It's official! United Kingdom has divorced the EU