The Title Assessing the Long Term Economic Implications of the Brexit on U.K. since the Referendum Act of 2015
No Thumbnail Available
Date
2020
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
UNIVERSITY OF ABBES LAGHROUR-KHENCHELA
Abstract
Abstract
This research work examines the impact of Brexit on the UK economy and considers the
consequences and influence that Britain’s exit may have on both immigration and jobs. The
main focus is on the controversy among British public opinion over the matter of which
direction would the UK economy take after the decision of leaving the EU. The work aims to
analyze how can Brexit possibly influence the UK economy and to evaluate what economic
variables may occur in the long term. The main objective is to provide a historical account for
the Withdrawal and its outcome on both financial services and insurance sectors regarding
the service economy fallacies, in addition to the labor markets. Findings revealed that a
termination of the EU membership has led to market consternation and dramatic drop in the
British Pound Sterling, a loss of global stock markets, and a falling back of the financial time
stock exchange, which led the government to make new trade deals with several countries
across the world, for boosting all of its financial services and taxes. In short, this study tries to
offer a clear vision of the outcomes of UK leaving the EU after the transition period in 2020
year.