Brexit and uncertain times: rethinking the role of the UK economy and its global brands

Ardley, Barry and Floyd, David and Rahman, Mizan (2017) Brexit and uncertain times: rethinking the role of the UK economy and its global brands. Management Services, 61 (3). ISSN 0307-6768

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Item Type:Article
Item Status:Live Archive

Abstract

The recent uncertainties of Brexit have been most manifested in the falling levels of the exchange rate. The pound fell 6% in two minutes according to The Independent on 7 October 2016. Uncertainties can result in Flash Crash as well as a falling exchange rate. So far, however, Brexit fears have not led to negative growth rates and there may be opportunities from lower export prices and the flexibility to undertake new trade deals. This article sets out to examine how realistic this may be in an economy that has had much success in reinvigorating its brands of late. It draws on macroeconomic theory related to exchange rates and data.
Additionally, a marketing perspective, utilising country of origin
and brand equity theory, is adopted in order to examine to
what extent Brexit might impact on the health of UK products.
Relevantly, an increased focus from government on supporting
key brands for exporting may also have an impact on the
concept of creating more shared values. However, evidence
would suggest that much needs to be done to maintain a
competitive edge in the global market place.

Keywords:Brexit, UK Economy, Global Brands
Subjects:N Business and Administrative studies > N500 Marketing
N Business and Administrative studies > N100 Business studies
N Business and Administrative studies > N120 International Business studies
Divisions:Lincoln International Business School
ID Code:30103
Deposited On:20 Dec 2017 12:44

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