The Brexit debacle has undoubtedly been one of the most well-recognised neas headlines over the past few years. Now that it has come to pass, many consumers are understandably concerned about how a departure from the European Union may impact their daily lives. Does this socioeconomic move represent doom and gloom or could it boil down to business as usual? As there are so many opinions to be appreciated, it is a good idea to take a more objective point of view in order to separate the proverbial wheat from the chaff. Let’s quickly examine what you can expect over the following months and years.

What About the Markets?

Many business analysts were worried about what effects the Brexit approval would have upon markets such as the FTSE. As we were entering into uncharted territory in many ways, this was perfectly logical. Still, we need to keep in mind that the Brexit debates had been raging for some time. To put it another way, the exodus was not completely unexpected. As a result, the markets were able to supersede any volatility that might have otherwise occurred.

Some are still curious to learn about how they might be impacted in the future. While this is a matter of debate, most agree that any issues such as taxation discrepancies or exportation problems will not pull the markets down into the doldrums. This is important for the average consumer, as any type of recession would otherwise affect their buying power as well as their lifestyle in general. We should expect (relatively) smooth sailing in the future.

Travel and Living Abroad

Still, the same might not apply when referring to issues such as living abroad and travelling to any of the 27 member states of the European Union. In the past, all Britons were legally guaranteed residency status as well as access to the NHS system. This was actually one of the main sticking points which had many consumers worried when they envisioned a post-Brexit world. Might these privileges be jeopardised?

It seems as if the governments on both sides of the channel took these questions quite seriously and as a result, Britons should not expect to experience any major changes in terms of long-term residency. Not only can this help to ensure that they remain living abroad, but we need to keep in mind that certain regions of Europe (such as the Gold Coast of Spain) rely heavily upon tourism. In other words, it is in their best interest to keep living issues as transparent and normalised as possible.

It finally needs to be stressed that the Brexit is a long and involved process. While the bill has indeed been passed, we are likely to witness many changes in the future; some more predictable than others. The good news is that the initial transition went quite smooth. With any luck, any subsequent issues will be dealt with in an open and transparent manner. You can therefore breathe easy for the time being.