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

It’s Going to Set Us Up Very Nicely for Retirement

You’ve worked hard all your life. And if you’re like most jewelers contemplating retirement, you’re hoping that your going-out-of-business sale will add to your nest egg — with minimal complications. That’s exactly what Doug and Jacki Friedrich, fourth-generation owners of Friedrich Jewelers Inc., of Vernon, Conn., experienced when they selected Wilkerson to run their sale. “Jewelers who are contemplating a sale should go with Wilkerson because of their experience,” says Doug. And with financial goals “exceeding expectations,” the couple can now focus on enjoying the next chapter of their lives. “It’s going to set us up very nicely for retirement,” says Jacki. “The money’s coming in and we have no complaints. It’s been wonderful.”

Promoted Headlines

Most Popular