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How will Brexit affect the security industry?

As the United Kingdom starts to follow through with the necessary steps to leave the European Union (EU), there could be a number of consequences that filter through to security industry stakeholders. In theory, according to Jim Dearing of IHS Markit who has taken a look at the potential impact, in the short-term the market outlook for 2016 and 2017 should be relatively unaffected.

The U.K. has yet to activate Article 50, which instigates the formal procedure to leave the EU. Only the U.K. Prime Minister can invoke Article 50 to begin the negotiation process, which is expected to take around two years to complete.

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