From tourism to real estate, what happens in the U.K. may affect Tampa Bay

Posted at 6:09 PM, Jun 24, 2016
and last updated 2016-06-24 18:09:30-04
If you want something from Great Britain, from union jack clothing, to chocolate, Laurie Black probably has it, at his London Pride store, in Largo. Black is happy about the Brexit which will save his customers money in the short term. Importing products from England will be less expensive. 
"We will immediately pass on to our customers any savings," he said, "so that means people are going to buy more. Because people would buy more if they could afford it."
Jon wax from Raymond James says Tampa Bay real estate may suffer, as U.K, investors adjust to the new reality.
"It just became much more expensive to move money over here and invest," says Wax.
According to "Visit Tampa Bay," 1.6 million tourists came from the U.K. to Florida, last year. Wax says that industry could take a hit. 
"The cost to travel from the U.S. to those areas is definitely going up. There’s already talk about what kind of an impact that can have on those airlines, and the other venues, that attract foreign tourism."
Speaking of travel, if you’re about to take a road trip here in Florida a drop in oil prices will save you some money.
"Right now the price of oil is down," says Wax, "So we should see some relief at the pump, and with the strengthening dollar, it means what we import would get cheaper."
Market volatility might make you nervous, but wax says it could be a reason for you to invest, if you have the extra cash:
"Warren Buffelt said, 'Be fearful when others are greedy and be greedy when others are fearful.' right now, others are fearful. It’s time to think about when should we start getting greedy, and taking advantage of prices." 
Most of all, don’t panic.  Laurie Black has the same opinion, gesturing to one of his cookie tins, that say "keep calm, and carry on."