On 23rd June 2016, the UK voted to leave the EU. In March 2017, Article 50, the official mechanism that allows a country to leave the EU, was triggered. By March 2019 our negotiated deal (for example around trade and the customs union) will have been ratified and the UK will leave the EU. Then there will be a transition period to ensure a smooth transition to implementation. This will be up to 31st December 2020.

There are many uncertainties about the impact of “Brexit” on UK businesses. Much will be dependent on the outcome of negotiations with the remainder of the EU.

The burning question for Independent Consultants will be, “so what will Brexit mean for me?” I think the best way to answer this is to consider 2 phases, the short term (next 1 to 2 years) and the longer term (during the transition period and beyond).

In the short term, the uncertainty caused by Brexit is leading to caution in UK businesses; but “freelancers” tend to do well in uncertain market conditions as they did after the global recession in 2008.

Here are 3 areas which may benefit Independent Consultants in the short term.