Well, it’s only been a few hours since Britain has raised the threat level to “Severe”. But what does this mean to the business world. Well, the biggest issue is that people tend to be a bit more conservative when they perceive risk. This could have a negative effect on the market, which can have knock-on effects to the whole economy.
I tend to believe though that these things are more pronounced when they are announced. People adapt to new situations quite easily and it’s only a matter of time before things adjust themselves. Things just keep going, mush like a run of the mill nordic track treadmill. Still, it would be better if the threat level comes down, don’t you think?