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June 29th, 2017 
Awake Goy If you are willing to risk your state pension, you may be willing to relocate to Thailand in the post-Brexit climate.
After all, a Thai official has recently offered British workers the chance to retire to the North of the country and invest in a £60,000, 20-year residency permit. While this would almost certainly force citizens to forgo their state pension, it has been mooted as a tongue-in-cheek suggestion for those hoping to escape the tumult of the UK at present.
In all seriousness, however, it is worth asking how Brexit may ultimately impact on North Thailand and the nation as a whole? Let’s take a look: –
People and the Economy: How Will Brexit Impact on Thailand?
Let’s start with key areas of interest, as Brexit certainly has the potential to impact on tourism levels and the number of people who travel between the UK and Thailand. Firstly, the uncertainty triggered by Brexit has seriously devalued the pound, causing inflation to rise at a disproportionate rate to earnings. This has left Britons with less money in their pockets, and this is trend is likely to continue for the foreseeable future as the pound trades within an increasingly narrow and restricted range.
A weaker currency also means that it is more expensive for British citizens to travel, forcing many to shelve or modify more expensive and exotic plans.
In terms of the economy, the impact of Brexit is likely to be far more unclear and subject to considerable debate. In simple terms, exports to the UK only account for 1.7% of Thailand’s cumulative sales, so the real economy is likely to be adversely affected by a floundering British economy. Of course, some will argue that the UK may be able to negotiate a more progressive deal with Thailand once they have left the EU, but this is unlikely given the lack of activity between the two nations.
The Last Word: One Major Concern for Thailand?
Of course, the real concern pertains to any potential domino effect in the EU, particularly in the unlikely event that Britain secures some leverage and is able to negotiate a truly progressive deal. In this instance, other countries may be inclined to consider leaving the EU and forging their own trade agreements, which could fragment a market that currently accounts for 8.6% of total Thai exports.
While this remains unlikely for now, it is something that economists will be monitoring as the Brexit negotiations begin in earnest.
Source Article from http://www.hangthebankers.com/will-brexit-really-impact-on-thailand/
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