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US Election Reaction

9 Nov 2016 12:00 AM | Anonymous

As the news sinks in we are beginning to get a clearer picture of the response of the worlds politician’s and companies to the prospect of a Trump presidency. Sir Martin Sorrell, chief executive of WPP, the communications service, says the election was "effectively a second Brexit that leaves many very surprised, including the markets and me. It's going to take a significant amount of time to assess the implications beyond the short term. Increased levels of uncertainty will mean more hesitation to make important decisions in the short term, both by people and governments. But it may accelerate implementation of helpful reforms in the medium term to reduce uncertainty and stimulate investment as a result.”

Jo Sellick, managing director of Sellick Partnership says “Thanks to our special relationship with the US, we must take the result incredibly seriously in the UK and decide whether we really want to be so closely associated with our friends across the pond moving forward. we must hope that Congress is able to water down some of the outrageous ideas that won Trump the vote in the first place. UK business leaders will most likely join me in their concern for the future relationship between the UK and US, especially those involved in trade deals between the two nations.”

HfS have reacted to the election, calling the result the death-knell for traditional offshore outsourcing... as we know it. The article (link here) describes the first thoughts of the outsourcing industry to the election of Trump.

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