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Government

Brexit referendum poses economic questions short- and long-term for luxury spend

June 17, 2016

 

By Forrest Cardamenis

London.185As the United Kingdom prepares to vote on the European Union referendum on June 23, what impact would an exit have on luxury?

Recent polls have shown a majority support for exiting the EU, with undecided voters swaying heavily in that direction and upending initial projections. The uncertainty that Britain’s exit would cause for the nation, Europe and the U.S. suggests challenges and eroded confidence among consumers in the short-term, with longer-term effects difficult to project.

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