Britain’s vote to leave the EU is an indication of the future British economy the conservative go... more Britain’s vote to leave the EU is an indication of the future British economy the conservative government wants for this generation of Brit’s, but this research has also showed and entailed the most likely scenarios of consequences Britain would have to endure as it prepares to set sail away from the EU and trudge on unchartered territories.
Brexit was the democratic will of the British people that stemmed from their impulses that sovereignty, alongside the power to control borders have been undermined by joining the EU. Both of these were enough to persuade a divisive vote of 48-52, in favour of leave. Jubilation was the predominant reaction of many leave campaigners, while economists all over the world were disturbed by the vote.
The immediate economic consequences brought upon by Brexit, shows the negativity the vote has had over the economy. The credit rating cuts of Fitch, alongside S&P, shows that these agencies believe that Britain will find it harder to be able to fulfil their financial requirements to other countries. Moreover, investments from foreign companies would decrease, due to the uncertainties and risks in the economy, because as a principle, investors hate volatility in the markets.
The continued drop of the pound sterling will now mean that the rise of inflation is inevitable, and makes their currency cheaper, as the pound continues to stagnates. As the pound becomes cheaper, it now means that many Britons will have to face the prospect that their sterling will buy less goods in world markets. When Britain finally leaves the EU by March 2017, the government will have to face a mountain of paperwork in working out a new relationship with the EU. The researcher believes that if they could get an economic deal that allows Britain to have tariff free access to the Single Market, then the risks posed by Brexit will be minimized. But then, it is also a fact that many EU leaders would voice out their dissatisfaction, with Britain cherry-picking the areas they want to keep in the single market, and the ones they want to discard.
Either way they go, the researcher has come to the conclusion that Brexit would have damaging effects on the economic development in the Britain as a whole. Therefore, the writer is deeply convinced that a Brexit would create no winners, only losers. The economic ramifications posed by Brexit means that Britain is worse off leaving the EU.
Britain’s vote to leave the EU is an indication of the future British economy the conservative go... more Britain’s vote to leave the EU is an indication of the future British economy the conservative government wants for this generation of Brit’s, but this research has also showed and entailed the most likely scenarios of consequences Britain would have to endure as it prepares to set sail away from the EU and trudge on unchartered territories.
Brexit was the democratic will of the British people that stemmed from their impulses that sovereignty, alongside the power to control borders have been undermined by joining the EU. Both of these were enough to persuade a divisive vote of 48-52, in favour of leave. Jubilation was the predominant reaction of many leave campaigners, while economists all over the world were disturbed by the vote.
The immediate economic consequences brought upon by Brexit, shows the negativity the vote has had over the economy. The credit rating cuts of Fitch, alongside S&P, shows that these agencies believe that Britain will find it harder to be able to fulfil their financial requirements to other countries. Moreover, investments from foreign companies would decrease, due to the uncertainties and risks in the economy, because as a principle, investors hate volatility in the markets.
The continued drop of the pound sterling will now mean that the rise of inflation is inevitable, and makes their currency cheaper, as the pound continues to stagnates. As the pound becomes cheaper, it now means that many Britons will have to face the prospect that their sterling will buy less goods in world markets. When Britain finally leaves the EU by March 2017, the government will have to face a mountain of paperwork in working out a new relationship with the EU. The researcher believes that if they could get an economic deal that allows Britain to have tariff free access to the Single Market, then the risks posed by Brexit will be minimized. But then, it is also a fact that many EU leaders would voice out their dissatisfaction, with Britain cherry-picking the areas they want to keep in the single market, and the ones they want to discard.
Either way they go, the researcher has come to the conclusion that Brexit would have damaging effects on the economic development in the Britain as a whole. Therefore, the writer is deeply convinced that a Brexit would create no winners, only losers. The economic ramifications posed by Brexit means that Britain is worse off leaving the EU.
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Papers by Lemuel Ang
Brexit was the democratic will of the British people that stemmed from their impulses that sovereignty, alongside the power to control borders have been undermined by joining the EU. Both of these were enough to persuade a divisive vote of 48-52, in favour of leave. Jubilation was the predominant reaction of many leave campaigners, while economists all over the world were disturbed by the vote.
The immediate economic consequences brought upon by Brexit, shows the negativity the vote has had over the economy. The credit rating cuts of Fitch, alongside S&P, shows that these agencies believe that Britain will find it harder to be able to fulfil their financial requirements to other countries. Moreover, investments from foreign companies would decrease, due to the uncertainties and risks in the economy, because as a principle, investors hate volatility in the markets.
The continued drop of the pound sterling will now mean that the rise of inflation is inevitable, and makes their currency cheaper, as the pound continues to stagnates. As the pound becomes cheaper, it now means that many Britons will have to face the prospect that their sterling will buy less goods in world markets.
When Britain finally leaves the EU by March 2017, the government will have to face a mountain of paperwork in working out a new relationship with the EU. The researcher believes that if they could get an economic deal that allows Britain to have tariff free access to the Single Market, then the risks posed by Brexit will be minimized. But then, it is also a fact that many EU leaders would voice out their dissatisfaction, with Britain cherry-picking the areas they want to keep in the single market, and the ones they want to discard.
Either way they go, the researcher has come to the conclusion that Brexit would have damaging effects on the economic development in the Britain as a whole. Therefore, the writer is deeply convinced that a Brexit would create no winners, only losers. The economic ramifications posed by Brexit means that Britain is worse off leaving the EU.
Brexit was the democratic will of the British people that stemmed from their impulses that sovereignty, alongside the power to control borders have been undermined by joining the EU. Both of these were enough to persuade a divisive vote of 48-52, in favour of leave. Jubilation was the predominant reaction of many leave campaigners, while economists all over the world were disturbed by the vote.
The immediate economic consequences brought upon by Brexit, shows the negativity the vote has had over the economy. The credit rating cuts of Fitch, alongside S&P, shows that these agencies believe that Britain will find it harder to be able to fulfil their financial requirements to other countries. Moreover, investments from foreign companies would decrease, due to the uncertainties and risks in the economy, because as a principle, investors hate volatility in the markets.
The continued drop of the pound sterling will now mean that the rise of inflation is inevitable, and makes their currency cheaper, as the pound continues to stagnates. As the pound becomes cheaper, it now means that many Britons will have to face the prospect that their sterling will buy less goods in world markets.
When Britain finally leaves the EU by March 2017, the government will have to face a mountain of paperwork in working out a new relationship with the EU. The researcher believes that if they could get an economic deal that allows Britain to have tariff free access to the Single Market, then the risks posed by Brexit will be minimized. But then, it is also a fact that many EU leaders would voice out their dissatisfaction, with Britain cherry-picking the areas they want to keep in the single market, and the ones they want to discard.
Either way they go, the researcher has come to the conclusion that Brexit would have damaging effects on the economic development in the Britain as a whole. Therefore, the writer is deeply convinced that a Brexit would create no winners, only losers. The economic ramifications posed by Brexit means that Britain is worse off leaving the EU.