In economic jargon, the ‘transaction costs’ of…

“In economic jargon, the ‘transaction costs’ of locating in and doing business with Britain will rise permanently as a result of Brexit. Regulatory inefficiencies benefit one class of business only: the intermediaries and consultants who sell services in managing these transaction costs (a ‘Brexit management industry’ is surely going to arise, just like a Minister for Brexit). International capital will be greatly inconvenienced by Brexit, but that simply means that less of it will travel to or via Britain in the future. Global capitalism is fast and complex. By comparison, Britain has chosen to become slow and complicated. The Conservative Right is about to discover that, for multinational corporations located in Britain, there is one thing worse than being regulated by Brussels, and that is not being regulated by Brussels.”

Liberalism after Brexit – Political Economy Research Centre (via deathbeard)