The UK Prime Minister, May, has successfully got what she wants from the both Houses and is about to trigger Article 50 by the end of March. The Scottish National Party is asking for another Scotland Independence referendum, given one important reason that in the Brexit referendum, the majority of the Scottish population voted to stay in the European Union. If this time Scotland becomes independent, Scotland may be able to choose to stay in the European Union and last time some of them voted not to leave the UK because they wanted to stay in the European Union.
Some companies have made it clear they are going to move their European head offices to the European continent. Some financial institutions also announce to move their head offices to some continental European countries, including Blackstone, one of the largest private equity fund managers, has announced to move its head office to Luxembourg. It is not surprising to see many companies' European head offices are leaving Britain.
Luxembourg has very attractive corporate tax rates, this is one thing that Britain does not have right now but is achievable. Some people have been talking about massive tax cuts in Britain and led Britain to become another tax heaven. Of course, some politicians have been opposed to this idea. In addition, the UK Prime Minister believes if the UK can negotiate fairer trade deals with more countries around the world. However, as long as the UK gains no access to the European single market, then it immediately loses one of its most important comparative advantages. Many countries may have similar strengthen as the UK regarding negotiating trade deals with other countries.
Therefore, the UK may remain its original strong position at the start due to its pre-existing assets and its strong position will be crumbling over time.
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