Britain has voted to leave the European union. The exact form of Britain's exit or "Brexit" is as yet unclear. The result of the referendum is not legally binding so in principle parliament could ignore it, though this seems unlikely. The first major step will be the formal notification to the EU of the intention to leave, which will then trigger a negotiation period of up to two years to decide the terms of the exit.
“Brexit” from the European Union
"Brexit" from the European Union | Free Essay Example
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. It is also important to note that EU members belong to the customs union, which means they are not imposed by the trade tariffs or customs controls on the products moving inside the EU, as well as a common tariff that refers to goods entering the EU from the outside.
How will Brexit affect PhD students in the UK and Europe?
After the Second World War, European Union was formed by its founding fathers to end wars between European countries and to fulfill the dream of a peaceful, united and prosperous Europe. EU consisted of six European countries at the time of its creation, now binds 28 countries together under its flag. With The aim of this report is to discuss the two main ways the Brexit […].
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