The possibility of the UK leaving the European Union or the so-called Brexit is a key source of concern for the major part of the British business world. It is assumed that the potential changes in the trade relations with the EU, as well as the uncertainty associated with investments, can have a negative impact on the UK economy. World economists and analysts try to carry out predictions regarding the possible consequences of this decision. In order to analyze the character of the potential outcomes, it is critical to study the way Brexit will affect various economic aspects such as imports, exports, investment sector and others. The paper at hand is aimed at elucidating the advantages and disadvantages of the UK leaving the union from different perspectives. While analyzing the role of EU for the British economy, it is critical to understand the fact that the former currently regulates almost all the aspects of the British trade.
Brexit: causes and consequences
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On Thursday the 23rd of June , Britain voted in favour of leaving the European Union and standing alone for the first time since Many predictions and economic forecasts were made pre referendum, but to what extent were these scaremongering tactics or how accurate were they? I intend to examine the economic impact of Brexit, so far, on the UK economy and whether it is ethically. Since the result of the vote, very little information regarding the terms of Brexit has been disclosed by the UK government. This has caused considerable economic instability, resulting in fluctuating currency markets and significant drops in consumer and investor confidence.
This report is a discussion about the process of Brexit which involves the UK and EU and it is a presentation of the stages of Brexit which includes some facts and opinions from a wide range of journalists and mass-media. At the end will be a short analyze around the main ideas of the report. In the following paragraphs I will discuss the Brexit deal which has been presented to the citizens my Theresa May. In case of a Brexit with an agreement between UK and EU a few changes will take place about the most important issues like the final money that UK will have to pay to the European Union, the rights of the people living abroad and the biggest problem, the border with Northern Ireland. The agreement represents all the relations post Brexit between these two parts and it can make a difference between a great future and a chaotic future for both parties.
Britains EU referendum vote took place on Thursday 23rd June, The results were announced in the early hours of Friday 24th June, ; with the result of This caused the ex prime minister David Cameron to step down, as he put his full support into the remain campaign. This meant Theresa May was then elected as the next, and only the….