Connect with us

Headlines

Brexit: How Will It Affect American Small Businesses?

mm

Published

on

It may compel Congress to push some legislation through.

U.S. lawmakers and other policy makers could be prompted to protect American small business in the wake of the U.K.’s decision to leave the Eureopean Union, as Business News Daily writes. For one, the article says, it could lead Congress to do away with some of the regulations that restrict small businesses.

As Richard Williams, director for the regulatory studies program at the Mercatus Center at George Mason University, told the media outlet: “What it means for small businesses is that there is likely to be some ripples across the pond. Right now there are 50 to 60 regulatory reform bills in Congress that are essentially stalled. I think over the next few months we will hear a lot more about how regulations hurt small businesses and perhaps put pressure on Congress to act.”

The article also cites analysts who say that Europe could fall back into recession, which may keep the Federal Reserve from raising interest rates. The Fed also offered this statement regarding instability in global financial markets: “The Federal Reserve is prepared to provide dollar liquidity through its existing swap lines with central banks, as necessary, to address pressures in global funding markets, which could have adverse implications for the U.S. economy.”

Read more at Business News Daily

Advertisement

SPONSORED VIDEO

She Wanted to Spend More Time with Her Kids. She Called Wilkerson.

Your children are precious. More precious than gold? Absolutely! Just ask Lesley Ann Davis, owner of Lesley Ann Jewels, an independent jewelry store that — until the end of 2023 — had quite a following in Houston, Texas. To spend more time with her four sons, all in high school, she decided to close her store. Luckily, she was familiar with Wilkerson and called them as soon as she knew she wanted to move on to bigger, better and more family-focused things. Was she happy with her decision? Yes, she was. Says Davis, “Any owner looking to make that life change, looking to retire, looking to close, looking for a pause in their career, I would recommend Wilkerson. Hands down!”

Promoted Headlines

Most Popular