Britain looks east towards Asean

Unsettling period: The City of London is getting increasingly nervous about its future after Brexit. Many foreign banks are fretting and there is talk of relocating. – Bloomberg

FROM Britain, where they are only and still debating four months afterwards the pros and cons of leaving the European Union (EU) in the Brexit decision, Asean looks like an oasis of opportunity and hope.

With an economy threatened by the prospect of being denied preferential access to the European market because of likely British insistence on control over migrants from the continent, the projected 4%-5% growth for the Asean economy – with about the same GDP as Britain – is attractive to business people in Britain.