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Brexit One Year On: Keep Calm and Hedge The Pound

When Britons voted to leave the European Union a year ago, the managing director of PP Control & Automation, which makes electrical-control systems, was devastated.

The feeling didn’t last long. The company broke ground mere weeks after the vote on a project to increase its production space in the West Midlands. It’s part of a plan to double sales over the next four years and push into more markets.

“I’ve been amazed so far by the reaction and the resilience, the grit and determination,” said Tony Hague, PP’s managing director. “When our back’s against the wall, it’s like the British bulldog spirit suddenly appears. And long may it continue, because I think we’re going to need it over the next few years.”

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