The news of the unfortunate but peaceful passing away of England’s Queen is leading to a tide of geopolitical changes. From the business community and global citizens to people in authority, everyone is eagerly waiting for the succeeding King’s speech and brainstorming about the possible effects.
Amongst the various sectors, an important change will be reflected in the UK economy in terms of government policies and the corporate market. Post the respected mourning for the Queen, it is anticipated that the economy will first be transformed through the minting of fresh currency notes that will now be replaced with the images of Charles III.
The London Stock Market and most companies will resume after the day of her funeral, and the effects of this are to be reflected in the deriding of business prospects and the volatility of the market, which could further deepen the current recessionary business cycle in the country.
Apart from the economic impacts, the next probable change will be reflected in the Commonwealth leadership. Most sources convey that the next successor would be elected from the collective consensus of the Commonwealth Heads of Government.
There are a number of expected changes in the UK in the upcoming days – passports, uniforms, postal stamps and many more. The world is waiting to see how it will impact the geostrategic opportunities for the key players at national and global level.