The UK’s decision to leave the European Union has caused shockwaves throughout the global economy, and business travel has been one of the areas feeling the impact. Brexit has caused considerable uncertainty as to what day-to-day business travel will look like going forward.
One of the main issues for business travellers is the potential for reduced mobility within Europe. Currently, citizens of EU countries are able to travel freely across borders without needing a visa. After Brexit, it is unclear whether British citizens will be able to continue travelling freely within the EU, or if they will need visas for each country they wish to visit.
A further concern is that it may become more difficult for companies to transfer staff between their offices in different EU countries, as this process currently relies on free movement of people.
Companies could find themselves with a lot more paperwork and bureaucracy if they need to apply for visas in order to transfer staff between their European offices.
The financial impact of Brexit could also be significant. The weakening of the pound following Brexit has meant that companies sending their staff abroad now have less purchasing power than before, as goods and services abroad will cost more due to currency exchange rates.
Conclusion:
Overall, Brexit has created a great deal of uncertainty when it comes to business travel. It remains unclear what restrictions may be placed on British travellers when travelling within Europe, and companies sending staff abroad are likely to face additional costs due to the weakened pound. It is essential that companies plan ahead and assess any risks associated with business travel post-Brexit in order to ensure that their operations continue running smoothly.
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