Brexit: An Uncertain Economic Future 

 Sheridan Bell; Matthew Western, MPSheridan Bell, Senior Program Officer for Meridian’s Professional Exchanges Division, speaks with British Parliamentarian Matthew Western, Member of the Labour Party.
Sheridan Bell, Senior Program Officer for Meridian’s Professional Exchanges Division, speaks with British Parliamentarian Matthew Western, Member of the Labour Party.

As the United Kingdom is scheduled to leave the European Union on March 29, 2019, Meridian, in partnership with Hess Corporation, hosted a timely conversation with six British members of Parliament on the state of economic relations between both the United States and the United Kingdom post-Brexit. The six members of Parliament had equal representation with three members from the Conservative Party, and three members from the Labour Party.

The members of Parliament introduced themselves, their region, and the most prominent industries in their respective constituency to the 30 global business leaders gathered around the table. Over lunch, the group discussed issues of trade as well as potential shifting views of the United States, in light of the establishment of the Trump administration. A main point of agreement was that the relationship between the American and British people would remain strong, regardless of the current President or Prime Minister in either country. The countries' powerful bond goes far beyond politics; however, participants emphasized the imperativeness of continuing to strengthen the relationship.

After much debate surrounding the consequences of Brexit, the members of Parliament agreed that, on the one hand, this is a time of great opportunity for the United States and Britain. On the other hand, although there is a promise of growth, both sides must be patient during the current bilateral trade deal negotiations. Overall, the members of Parliament found consensus in Brexit providing the United States, United Kingdom, and European Union with an opportunity to evolve the trilateral relationship.

Project Sponsor

Hess

Project summary

Brexit: An Uncertain Economic Future  | July 2018
Number of Visitors: 6
Number of Attendees: 35
Regions: Europe and Eurasia
Countries: United Kingdom
Impact Areas: Business and Trade
Program Areas: Exchanges
Partners: Private Sector, Public Sector