TRUSTNET
magazine
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NEXT EXIT
No one appears too worried about the referendum on Britain’s
membership of the EU, which could take place as early as next
year. Although it has the potential to transform the economic
landscape for years to come, everyone appears to be taking
comfort from opinion polls that predict a two-to-one vote
in favour of remaining in the eurozone. However, the only
thing polls have taught us in the past few years is they are not
to be trusted. The UK came within a hair’s breadth of being
dismantled in the Scottish referendum, despite the fact an easy
win was predicted for the Better Together campaign, while not
even the most optimistic Tory expected to win a majority in
the General Election.
The next issue of Trustnet Magazine will consider what will
happen if Britain votes to leave the eurozone – its impact on
every aspect of the UK’s finances, from currency to housing,
whether the effect is positive or negative. We will also look at
other black swan events from history – why no one saw them
coming and what effect they had on investors
who were unprepared.
Our sector focus will fall on emerging markets, which had to
deal with the Asian crisis in the late 1990s and even in the past
few weeks has felt the full force of the collapse in
China’s stock market.