Brexit and its impact on Thailand

 

A handout photograph released by the UK Parliament on March 13, 2019 shows Britain’s Prime Minister Theresa May responding to the result of a vote in the House of Commons in London on March 13, 2019 in which MPs signalled their opposition to leaving the EU with no deal. – British MPs signalled their opposition Wednesday to leaving the EU with no deal on March 29, in another blow to Prime Minister Theresa May’s authority which opens the door to Britain requesting a Brexit delay. /AFP PHOTO / MARK DUFFY / UK Parliament”

 

As British Prime Minister Theresa May struggles to push through her Brexit deal, Thailand should brace itself for its consequence. As of press time, embattled British Prime Minister Theresa May is working on various options to get her Brexit deal through after the recent defeats in the parliament.

 

The British lawmakers last week voted to reject the option of leaving the European Union’s without a deal, raising questions over the conditions for the United Kingdom’s leaving the EU bloc as the deadline for their divorce is only two weeks away.

 

Regardless of uncertainties, Thailand should brace for the UK exit from the EU because it is more likely to happen than not, just a matter of when. Let’s assume the UK is on course to leave the EU on March 29 as scheduled, here are the economic impacts on Thailand.

 

Full story: https://www.thaipbsworld.com/brexit-and-its-impact-on-thailand/

 

-- © Copyright Thai PBS 2019-03-20

If there is a "no deal" Brexit then Chang vest and lady drink sales will experience a significant drop, as more Baht-constrained Brits join the swelling ranks of "Cheap Charlies" ... not to mention the devastating impact on Water Buffalo sales in Issan. Thailand is bracing itself for the Brexit Tsunami.

Edited March 19, 20197 yr by AlexRich

The Brits coming to Thailand will bring suitcases full of canned white beans and biscuits to survive....they'll warm those in the waterheaters of the hotel and make toast with the hotels' hairdryer. They drink their own tea with that and won't even spend a penny in the 711.....