General

Brexit: will it affect us down under?

British Prime Minister Boris Johnson has continued to lobby for a swift withdrawal from the European Union without delay.

As it stands, the U.K is still set to withdraw from the European Union on October 31st and there are questions surrounding how this will affect Australia’s relationship with Britain.

Jamie Hilton, Secretary of Global Issues and Communications at the British High Commission, said the bond between the two countries remains strong.

“The U.K is the second largest investor in Australia and the depth of our economic relationship is incredibly strong,” he said.

London Court in Perth is a taste of Olde England. Photo: Calvin Sims.

Experts agree that the ramifications of a post-Brexit U.K are hard to predict, however, Hilton believes that trade between the U.K and Australia will remain relatively secure regardless.

“Until Brexit is finalised, it’s difficult to know the effect, but what I would say is that whatever happens, our expectation is that our trading relationship will continue to grow,” he said.

Michael Carter, Manager at the International Trade and Investment Centre at the WA Chamber of Commerce said the two nations are connected financially and culturally.

“The relationship is extremely strong in terms of trade and investment, both in terms of people-to-people and in terms of the defence collaboration,” he said.

Carter also believes there are other grounds to suggest Australia and the U.K’s relationship will continue to flourish regardless of Brexit.

According to Carter, the two countries are already in talks to secure a free trade agreement.

“Both governments have begun to have discussions about the prospect of there being a bilateral free trade agreement between the U.K and Australia,” he said.

It is still unclear of whether the U.K will officially secede from the European Union on the 31st as a no-deal bill was rejected in the House of Commons on Wednesday.

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