This week we had a reminder that while the ultimate outcome of Brexit is unknown, companies don’t have the luxury of waiting to find out. Panasonic became the latest company to move its European headquarters from London, adding to announcements from Unilever, EasyJet and Goldman Sachs to name but a few. Despite the consolatory tones from Barnier this week, even the softest of Brexit’s won’t reverse the cost of uncertainty already paid.
Elsewhere we got to witness yet another liberal democracy devolve into a shambles as Australia’s ruling coalition ousted the Prime Minister to appoint a new leader, its sixth in ten years. The new man in charge is Scott Morrison, a pro-coal Christian conservative, although for how long is anyone’s guess. He has already lost his majority and is even less popular than Malcom Turnbull, the leader he deposed. With Canberra quickly becoming the coup capital of the world he might not even make it to the general election in May 2019.
Read what the team at FE consider to be significant over the current week.